Answer

1. F

   Facts

   When you revise, CPC processes the latest valid return. The refund is worked out on the revised figures, less any refund already paid on the original.

2. P

   Provisions and law

   • Sec 143(1), Income-tax Act 1961 (now Sec 270(1), Income-tax Act 2025)Return is processed and an intimation shows the refund or demand.
   • Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025)Revised return within the allowed time.
   • Sec 244A, Income-tax Act 1961 (now Sec 437, Income-tax Act 2025)Interest on refund at 0.5% for every month or part of a month, less periods of delay caused by the taxpayer.
3. A

   Analysis

   Say the original return gave a ₹10,000 refund that was already paid, and the revised return shows ₹16,000. Only the extra ₹6,000 plus any interest is paid after processing. If the original was not yet processed, CPC usually processes the revised one directly. Verify the revised return quickly so processing is not delayed.

4. C

   Conclusion

   1. 1E-verify the revised return.
   2. 2Track status under View Filed Returns.
   3. 3Check the intimation for the refund worked out.
   4. 4Raise a grievance if it stalls.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.