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Revise return after receiving income tax refund

Tax queries 256 views 4 replies

Prashanth

Student CA Final

21 Points Joined February 2015

Hi all,

I have filed income tax return for AY 2017-18 for which i have received a refund. Now i want to revise the return for which i need to pay back the refund received along with interest. what is the procedure to do the same and how to calculate the interest???

Replies (4)

RAMAKRISHNAN R

INCOME TAX OFFICER

1736 Points Joined February 2014

log in to your efiling account and revise your original return. in the tax computation schedule it will tell you the amount to be paid by you... pay that amount and submit the return... last date for revised return is 31/03/2018. so hurry up..

Susmita Dutta, CA , CPA

2141 Points Joined March 2014

After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realises that some income was not reported, or some deduction was not availed of in the return computation, file a rectification request.