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Query asked by Hanisha on November 17, 2020

Re: Rectification of Form 1 under VSV

Due to an error in Form 1 of VSV, instead of amount refundable to the assessee, the form shows amount payable by the assessee. Can the same be rectified by filing another Form 1 ? How many times the same can be refiled?Currently the status under VSV scheme is “Awaiting Form 3 from CIT”.
Please suggest.

The assessee can once again file under VSVA and this time chose the filing type as “revised” for the same AY.

 


 

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