Paid self assessment tax after filing the return

Efiling 24812 views 9 replies

Pushpreet

Asosciate

59 Points Joined July 2012

Hi,

I filed my return for AY 2012-13 today. What I did was, I filed my return and got the ITR-V form in my email, but I paid my Self-Assessment tax only after I had filed the return online.

Now, I have paid my self assessment tax, but in the ITR-V, Tax payable is still mentioned. Only later did I realize that, I had to first pay the self-assesment tax and then quote the Challan no. while filling the ITR-1 form. And, thus the Tax payable would have come to ‘Zero’.

My question is, how do I go about correcting it now? Or what are the next steps?

Shall I go ahead and file the revised return, and select Section 139(5). And upload the new XML generated. In this case, which ITR-V is needed to be sent to the CPC. Only the one received after I get the new ITR-V and what to do with the old ITR-V?

Or there is something else I need to do here?

Thanks in advance.

Pushpreet

Replies (9)

CA.Saibaburao Nanduri

Chartered Accountant

3847 Points Joined May 2007

Pushpreet :

File revised return immediately.

Send ITR-V both for ‘original’ and ‘revised’ well in time.

CA Sripal Jain

Associate Finance

709 Points Joined January 2009

Self Assessment tax can be paid within 30 days of filing of return. You can go ahead and send ITR V to Bangalore with tax payable acknowledgment. Just preserve the copy of tax paid in your records for future reference.

Pushpreet

Asosciate

59 Points Joined July 2012

Originally posted by : CA.Saibaburao Nanduri
	Pushpreet : File revised return immediately. Send ITR-V both for ‘original’ and ‘revised’ well in time.

Thanks.

But, Sripal is saying something different here?

ANyways, in case i want to rectify the problem - shall I just upload the new xml(under section 139(5) at the same link only? or under the 'Rectification' link.

Pushpreet

Asosciate

59 Points Joined July 2012

Originally posted by : CA Sripal Jain
	Self Assessment tax can be paid within 30 days of filing of return. You can go ahead and send ITR V to Bangalore with tax payable acknowledgment. Just preserve the copy of tax paid in your records for future reference.

Thanks Sripal. What kind of acknowledgement do I need to send here? Copy of the Challan I recieved after making the e-payment?

CA Sripal Jain

Associate Finance

709 Points Joined January 2009

yup ,thts it the department wil adjust accordingly your tax liability,hope ur satisfied

regards

sripal

Pushpreet

Asosciate

59 Points Joined July 2012

Thanks Sripal!

Pushpreet

Asosciate

59 Points Joined July 2012

Originally posted by : CA Sripal Jain
	yup ,thts it the department wil adjust accordingly your tax liability,hope ur satisfied regards sripal

Sripal,

I just called the Income Tx Dept. call centre. And, they gave me the same reply as CA.Saibaburao Nanduri. i.e. File the revised return with Challan no. and send both revised and original ITR-V to CPC.

Thanks.

Ashish

Owner

26 Points Joined December 2013

I also made same mistake. I filed ITR4 for assessment year 2012-13 today and then made tax payment and now realised that i had to add tax challan while filing.

Will i be able to submit revised return with tax challan added and get new acknowledgement with tax paid details ? It was a voluntary belated returns.