Incomtax notice guidance required please guide.

Forums General Discussion Incomtax notice guidance required please guide.

Incomtax notice guidance required please guide.

Extra incom show by incom tax department in the return of 2016_17 assessment year 2018.now what. I can do. Fill revised return.please guide me. Thanks.

Asked By: Anonymous 3 replies 1 helpful answers Last Updated: 3 months ago
  • Anonymous

    Extra incom show by incom tax department in the return of 2016_17 assessment year 2018.now what. I can do. Fill revised return.please guide me. Thanks.

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    If you have made any mistake in your return then you can file a revised return upto  the end of the assessment year.

    For F.Y. 2016-17 you can file a revise return upto 31.03.18 only.

  • Profile photo of Nitesh BindNitesh Bind
    Participant

    First of all, you have to check the reason behind the demand raised. If the demand is accurate and you have actually filed the income which was less then you have to ACCEPT THE DEMAND AND PAID IT. Further, if demand is not correct as per your best knowledge then you have to reply against it through the income tax portal itself and file the revised return IN RESPONSE TO THE NOTICE. One thing I need to say to Mr. Chetan Chandak (“Expert”) the last date to file Revised Return for FY 2016-17 is 31-03-2019 and not 31st March 2018 (FA 2016). And in the given case new return can be filed irrespective of the period because it is in response to the notice. Thanks.

You must be signed in to reply to this question.