Question ID :
44749
Filing of Updated return
Assessee has a refund of Rs.1.70 lakhs in original return for AY 2023-24. But it was never paid and demand was raised by intimation under 143(1a) for Rs.54 lakhs due to clerical error in capital gain reporting.
Now there are other items left out and the assessee wants to file an updated reuturn. However systems takes Rs.1.70 as paid and tax is computed over and above that amount.
Is there any solution?
Posted by
ALAMELU N N
on
Nov 18, 2024
Filed Under
DIRECT TAXES
As per Section 139(8A), You will be allowed file Return only if there is any additional tax. If , due to inclusion of other items, if resultant tax liability is over above Rs.1.70 lacs then only system will accept Return.
Hope you noted the following Proviso:
Provided that the provision of the sub section shall not apply, if the updated return:
" results in refund or increases the Refund due on the basis of return furnished under Subsection (1) or (4) of Sub Section (5)"
Hence my Answer is No. There is no solution.
{Clauase (c) of Section 139(8A)}
Posted by
Rupakula Rajasekhar on
Nov 27, 2024
Answer ID :
85523
Try to file rectified ITR with corrected xml and include other items also.
Posted by
Arun Kumar V on
Nov 29, 2024
Answer ID :
85562
Can file return only if additional tax is paid.....
Posted by
SIVADAS CHETTOOR on
Jan 03, 2025