• Response to section 143(1)(a)

For the current Assessment year FY 17-18, I had e-filed my income tax return via Clear tax on the 01st July 2017. On the 26th July 2017, I got a notice under 143(1)(a) stating that there are some discrepancies between my returns vs Form-16.  I verified the details and in the Income tax e-filng portal, have  submitted proofs of certain investments / Medical Insurance that were not present in the Form 16. In addition to this, there was some income from FD interest [ an amount close to 12 thousand] that I had missed out in the return. For this, I chose the 'Accept Adjustments' button and submitted my response.

The response to 143(1)(a) was done on August 2nd week and ever since, the status of the return says "Response to proposal of adjustments to 143(1)(a) is submitted" in the portal. I have also to get a refund of close to 20K on which I have no status.

My question is after submitting the response to 143(1)(a), should I have filed a revised return within the next 15 days? In case it needs to be done and I have not done it, what would happen next with respect to my refund/return processing?
Asked 6 years ago in Income Tax

Its better to file revise return.

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

Its not mandatory. Just to be on safe side

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

Yes, if you have accepted the adjustment, you need to file revised return.

Please feel free to call/ revert in case you need more clarity.

Thanks and regards

Abhishek Dugar

CA CS B.Com

Abhishek Dugar
CA, Mumbai
3576 Answers
183 Consultations

4.8 on 5.0

Hi

It is advisable to file a revised return even if you have accepted the changes and filed responses to th enotice under section 143(1).

Lakshita Bhandari
CA, Mumbai
5687 Answers
910 Consultations

5.0 on 5.0

Sir for any corrections or addition in income or deductions you need to file a Revise Return. 143(1) is the Intimation copy. If you find any fault with calculation like tax paid but not considered and all you can submit. But as per your query you are making additions and deductions which is allowed only in Revised Returns.

Shyam Sunder Modani
CA, Hyderabad
1408 Answers
164 Consultations

5.0 on 5.0

Hi,

If you have responded saying you will file Revised returns, then only revision is mandatory. Otherwise, revision of Returns is not required

Pradeep Bhat
CA, Bengaluru
542 Answers
94 Consultations

5.0 on 5.0

Hi,

You need not file a revised return of income. You response will be processed by the Income-tax Department and a refund will be issued to you.

Regards,

Keerthiga Padmanabhan

M.Com, CA, LL.B

Keerthiga Padmanabhan
CA, Greater Mumbai
784 Answers
27 Consultations

5.0 on 5.0

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