Refund Received

[Guest]

Dear Sir,

Can Individual Income tax revised after refund is received.

[Ganeshan Kalyani]

Refund or demand is determined by department only after assessment. therefore you cannot revised the return. but if any substantial error encrypted then it should be intimated ti department. this is my view.

[DR.MARIAPPAN GOVINDARAJAN]

Revision of return after refund is not possible.

[Guest]

Dear Sir,

But When Uploaded revised return its accepted.

[DR.MARIAPPAN GOVINDARAJAN]

Whether the revised return is completed? If it is so it is a new experience.

[Guest]

Dear Sir,

Its uploaded successfully and got an acknowledgement number as well.

[Ganeshan Kalyani]

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.

[Guest]

That may be right, but even though its not accepted by IT dept when will I get to know that approx time.

[DR.MARIAPPAN GOVINDARAJAN]

Please inform whether the revised return requires to pay income tax additionally.

[Guest]

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.

[DR.MARIAPPAN GOVINDARAJAN]

Please inform the outcome of this course of action.

[Ganeshan Kalyani]

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.

AI Summary

Can You Revise an Income Tax Return After a Refund? Experts Advise Caution and Report Substantial Errors. An individual inquired whether an income tax return can be revised after receiving a refund. Experts in the forum advised that typically, returns cannot be revised post-refund unless there is a substantial error, which should be reported to the tax department. The individual shared that a revised return was accepted by the system and acknowledged with a number, suggesting a new experience. Concerns were raised about potential notices from the tax department. It was recommended to inform the tax officer with the original and revised returns to justify the revision, especially if a missed TDS credit was involved.