Refund Received

[Sarfraz Khan]

Dear Sir,

Can Individual Income tax revised after refund is received.

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.