Tag Archives: #TaxCorrection

Will GST recover after wrong or extra paid?

GST compliance for LLP

  GST Recovery Process   GST Recovery Process, If a wrong or extra payment has been made under the Goods and Services Tax (GST) system, it is possible to seek a refund or adjustment for the excess amount paid. Good and service Tax Recovery Process for obtaining a refund or correcting the payment may vary… Read More »

Can an income tax return be revised after the ITR is processed?

Importance of tax compliance

  ITR can be revised   ITR can be revise, Yes, it is possible to revise an income tax return after it has been process by the Income Tax Department. Under Section 139(5) of the Income Tax Act, 1961, taxpayers have the option to revise their ITR if they discover any errors or omissions in… Read More »