Asking on behalf of friend.
Filed original return and later revised return both before July 31.
Original return had higher refund amount. Revised return had lower refund amount.
Now, he got an email and sms saying original return is getting processed based on original higher refund amount.
What would happen in that case once revised returns will get processed? The intent of filing revised return was to show more income and hence less refund.
Does he need to intimate Income tax department? Or wait for revised return to process?
CAclubindia
