Hey, I have filed my original return on 31st july , E verified it yesterday and filed revised return just 10 mins later after e verification, but today my original return WENT FOR UNDER PROCESSING And my revised return status is just showing e verified . is it bug in SW or from my side
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ORIGINAL RETURN WENT FOR UNDER PROCESSING AFTER FILLING REVISED RETURN
Replies (16)
Quick Summary
Its routine this year.
Both the returns are getting processes. Revised return will get processed only after Original gets processed.
So if there are refunds in both cases.....then??
Refund of original return is paid, and the same gets adjusted while processing revised one.
| Originally posted by : Dhirajlal Rambhia | ||
 |
Refund of original return is paid, and the same gets adjusted while processing revised one. |  |
If original has refund and revised has no refund or lesser refund then?
As said by @ Dhirajlal ji...will adjust in revise return by creating demand notice.....I think that is the only way
Processing of original return in started while revised is only verified and same will be taken for processing later on.
| Originally posted by : CA Rashmi Gandhi | ||
|
Processing of original return in started while revised is only verified and same will be taken for processing later on. | |
But what will be scenario for refund case.
If it issues refund and later for revised return it ask for demand notice , interest will be applicable once again.. isn't it.?
In such cases interest will be applicable only after 30 days of demand raised. (provided the demand not paid). The assessment resulting in the difference of tax payable will not calculate interest.
Thanks for information....helpful
Most Welcome ....
Yes interest will be applicable also on demand
| Originally posted by : CA Rashmi Gandhi | ||
|
Yes interest will be applicable also on demand | |
Only after 30 days right if demand not paid.??
| Originally posted by : CA Rashmi Gandhi | ||
|
Yes interest will be applicable also on demand | |
Only after 30 days right if demand not paid.??
Yes, but interest received on refund will required to be paid.
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