ITR Query – Wrong Assessment Year – How to rectify?

Q & A ForumCategory: Tax PlanningITR Query – Wrong Assessment Year – How to rectify?
nirav11 asked 10 years ago
I have filled ITR online n verified the same with EVC through net banking. but i made a mistake. I have selected Assessment Year 2015-16 by mistake. Actually, i wanted to file ITR for Assessment Year 2016-17. how can i rectify my mistake ???
nirav11 replied 10 years ago

but, i got intimation u/s 143 (1) from incmtax department. no demand no refund.everythng is Nil.

Sreekanth Staff replied 10 years ago

Hi..No demand & No refund for which AY?

nirav11 replied 10 years ago

2015-16 for which I bymistake filled ITR.

m wondering, how can be my wrongly filled ITR processed ???

Sreekanth Staff replied 10 years ago

Hi Dear,
As mentioned in my ‘answer’, you may mostly receive Notice regarding this and then you can file ‘ rectification’. You may consider taking help of a CA in this matter.

1 Answers
Sreekanth Staff answered 10 years ago
Hi, In case assessment year has been chosen incorrectly by you, you may have to do below things;
  • When your Income Tax Return is processed by the AO, the AO is likely to issue you a notice since the tax details do not match up with his records
  • You have to respond to AO with the error in tax payment details.
  • You may have to submit a rectification of a return under section 154 . (Efiling portal -> My Account -> Rectification Request).
  • Once your rectification request has been looked at by the AO, he/she has the powers to make a correction in your return.
  • The AO will adjust your previous year tax payments against this year’s notice and tax dues (if any).
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