how to correct IT return if wrong assessment year return filed.

Share
Share This Thread
  1. lovrenu

    lovrenu New Member

    Respected Sir,
    I have filed e-return for the first time (first time my salary exceeded 2 lakh) during assessment year 2014-15. Since i have filed my first e-return being first time income tax payer, i inadvertently filed return for the assessment year 2013-14 unknowingly thinking it as financial year. I have worked only 6 months in the financial year 2012-13 for assessment year 2013-14 and was not falling under income tax category. but i wrongly filed e-return for that period and could not filed my e-return for the assessment year 2014-15 (financial year 2013-14) as i filed e=return for assessment year 2013-14 in a confusion of assessment year and financial year.
    My querries are as follows:
    • I deposited tax through challan for the year 2012-13 (assessment year 2013-14) when i was not in the limit of income tax. whether i have to file revise IT return for this period. If yes, than how.
    • my income during financial year 2013-14 (assessment year 2014-15) is Rs. 204000/- (No savings, no advance tax deducted, no LIC premium paid) on which tax payable was Rs 412/- interest payable Rs. 48/- and i deposited Rs. 1030/- for the wrong assessment year 2013-14 means i have not deposited anything for assessment year 2014-15 (wrongly depoisted Rs. 1030 for the assessment year 2013-14). what shall I do now. whether I have to pay any penalty for the assessment year 2014-15 and how i can file my IT return. Whether I still can file e-return or i have to file IT return manually for both the years. I may add here that my income during assessment year 2013-14 was Rs. 108000/-
    Please guide me what should i do now.
    Regards.
    Renuka Dhirani
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Correct belated return after 1 year Income Tax Nov 7, 2016
TDS Correction Return txt file Income Tax Sep 22, 2016
Tds correction return txt file Income Tax Sep 16, 2016
How to correct unintentional mistake after filing tax return before specified time ? Income Tax Jul 25, 2016
Filed incorrect IT return for FY 2015-16 Income Tax Jul 9, 2016