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Original Return Refund in Revised return

Manish (Software Engineer) (102 Points)

12 December 2023

If I am filing a revised return as I am elgible for higher refund, Do I need to mention anywhere the refund received in original return or I have to fill it like original return (obviously with corrected details) and IT department will adjust the previous refund ?

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9 Replies

CA Raj Doshi (Practising CA) (8733 Points)
Replied 13 December 2023

Need not mention anywhere...fill like original returns ( corrected details). Dept will adjust previous refund

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 13 December 2023

Yes. IT department will adjust the previous refund and pay you the balance refund with interest

2 Like

Manish (Software Engineer) (102 Points)
Replied 13 December 2023

Thanks Eswar and Raj for confirming this. I have submitted the revised return.

CA Raj Doshi (Practising CA) (8733 Points)
Replied 13 December 2023

Most welcome........

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 13 December 2023

You may get intimation under section 143(1) for revised return

2 Like

Manish (Software Engineer) (102 Points)
Replied 13 December 2023

@ Eswar I hope I don't have to do anything on that. Intimation under section 143(1) is just for refund. is that correct ?

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 13 December 2023

Yes. It will show the ITR processing details

1 Like

Manish (Software Engineer) (102 Points)
Replied 14 December 2023

Yesterday Evening I filed the revised return and to my surprise in the morning I got refund credit SMS. That was really fast.

Just One more query - what if I would have not notice my mistake, would any point in future department detect that and initiate refund on their own or it would have been lost ?