INCOME TAX FILED WITH WRONG ASSESMENT YEAR

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  1. RAGESH

    RAGESH New Member

    A individual wrongly filed IT return for the A.Y-2015-16 in to A.Y-2014-15.And claimed refund in which TDS has deducted for the A.Y2015-16.IT department has issued demand notice for the A.Y2014-15.
    He has also filed NIL data return for the A.Y-2015-16 on after due date.
    What is the procedure for rectifying the return for AY-2014-15 and revising return AY2015-16
     
  2. Shoban Singh

    Shoban Singh New Member

    Hi Ragesh,
    As you know for any assessment year the deadline for filing income tax return is 31StJuly. But the revised return can be filed till the end of the next assessment year. For example the revised return of assessment year 2014-15 can be filed till 31St March 2016. But there is a condition, assessment of the return should not be done by IT department before filing revised return. Normally, IT department assesses the return within 6 months of return filing. Hence, you should file revised return as soon as you detect the mistake.
     
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