Can i apply for H1B extension after Visa expired ?

[nsarda2]

Hi

I am having H1B visa Valid upto jan 24,2014 and Patition validity is upto Jan 24,2014.
My I-94 is upto Feb 4,2014.

I am planning to return india on Jan 31,2014. Is it possible to renew/revive/extension
for same expired visa from india ? Or do i need to go with entire new H1B visa process (Cap , lottery , window ..etc) ?

I heard about "non exampt". But did not understand properly.

Please help

Thanks
Naval