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Refund Received

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..... Refund Received
Query (Issue) Started By: - Sarfraz Khan Dated:- 24-11-2015 Last Reply Date:- 3-12-2015 Income Tax
Got 11 Replies
Income Tax
Dear Sir, Can Individual Income tax revised after refund is received. Reply By Ganeshan Kalyani: The Reply: Refund or demand is determined by department only after assessment. therefore you cannot revised the return. but if any substantial erro .....

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..... r encrypted then it should be intimated ti department. this is my view. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Revision of return after refund is not possible. Reply By Sarfraz Khan: The Reply: Dear Sir, But When Uploaded revised return its accepted. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Whether the revised return is completed? If it is so it is a new experience. Reply By Sarfra .....

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..... z Khan: The Reply: Dear Sir, Its uploaded successfully and got an acknowledgement number as well. Reply By Ganeshan Kalyani: The Reply: It is a system that may have accepted the return. but this may invite notice from department as refund is received and even after that revised return is filed. Reply By Sarfraz Khan: The Reply: That may be right, but even though its not accepted by IT dept whe .....

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..... n will I get to know that approx time. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Please inform whether the revised return requires to pay income tax additionally. Reply By Sarfraz Khan: The Reply: Dear Sir, I had missed one TDS credit to be taken so when I reivsed there is more refund to be received from Income tax. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Please inform the outcome of .....

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..... this course of action. Reply By Ganeshan Kalyani: The Reply: I feel a letter should be addressed to your ward Officer along with original and revised return and stating the reason for revised return. This may support you during assessment. If the amount is nominal then department may not bother much and pass the credit and issue refund.
Discussion Forum - Knowledge Sharing .....

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