Rectification request or revised return

Notification 5810 views 7 replies

Anshul Solanki

S/W Engineer

27 Points Joined August 2014

I have recievd notification U/S 143(1) for Assessment year 2013-14.

Basically when i look into the letter the advance tax shows 20000 and self assessment shows 0. I went back and cheched the excel file of my ITR4 and saw the i had though entered 2 rows in IT schedule ( one for advance tax of 8000 and another for self assessement of 12000), the tax paid is all clubbed in under advance tax , i.e. 20000 in advance tax. So actually this is the fault of XML utility for ITR4 as in schedule IT of this utility there is not way to differentiate between advance tax and self assessment tax.

Nevertheless , i have received intimation and now i want to know should i file a rectification request or revised return.

More questions and i tried to explore more option on either choices.

1) If i file rectification request, using
“Rectification Request Type” as "Tax Payer is correcting data for tax credit mismatch only" and then selecting " IT Details". I cannot again see a option to say what is advance tax and what is self assessment tax. All it asks is BSR code, amount , date. So should i go ahead and enter the values again and hope it will consider them separate.

2) if i file revised return, can i actually do it because i am passed 1 year dealine, i.e. i filed original return on 17th July 2013 and is august 2014

Or should i choose any other option.

Please help.

Thanks,

Anshul

Replies (7)

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

you didnt mention that any demand was generated in 143(1) intimation or not... if no demand generated then you dont need to do anything...

Anshul Solanki

S/W Engineer

27 Points Joined August 2014

The intimation did have demand generated.

The letter shows net amount payable = 12000 and there is a demand identification number.

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

but what i can see from your query that you paid total 20000 as tax (8000 as advance tax and 12000 as self assessment) and 143(1) also says that taxes paid by you is 20000 (total as advance tax).. so i dont see any reason for demand generation....... you need to first point out reason for demand generation and then i can help you.

Anshul Solanki

S/W Engineer

27 Points Joined August 2014

So basically, I paid advance tax 8K and self assessment 12K.

These are also properly shown in form 26AS. But somehow since my ITRV generated last year showed all amount (20K) under advance tax, the intimation shows the discrepancy, i.e. it says adavance tax as 8K (against 20K claimed in ITRV) and self assessment as 0.

And hence the demand for 12K.

So i somehow need to tell income tax people that 20K shown in ITRV as advance tax is a clerical mistake and this should be divided as 8K for advance tax and 12K for self assessment tax.

How to do that. Rectification or revised return.

If you need I can attach my intimation order.

Thanks,

Anshul

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

i will request you to first verify details of challan paid especially the FY for which it was paid... if everything is correct or minor mistake in details filled, then logon to income tax efiling website and submit rectification request.. it will get corrected.

Anshul Solanki

S/W Engineer

27 Points Joined August 2014

Everything is correct in Form 26AS. Challan number , date amount, major minor head are all correct.

So should i choose option, "tax payer is correcting data in rectification" and then select "Schedule IT" and then upload new XML? and make sure in new XML self assessment and advance tax information is correct?