I filed my income tax return dated 29/09/2012 for the A.Y. 2012-13. In return i claimed refund of Rs. 28840.
Then i received refund of Rs. 28840 dated 23/12/2012.
Now i want revised my income tax return with increase income & now tax payable is Rs. 84000/-
So what about Refund Received ?
Please give advise what to do for refund which received from income tax department.
139(5) If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :..”
Since the assessment is completed in your case, you wont be able to file revised income.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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