Can we revise return as per 44ADA ?
This query is : Resolved
27 December 2019
Dear Sirs,
I am consultant who provide technical consultancy. My firm is a Proprietorship
I filed IT return for AY 2017-18 as per normal Scheme of Taxation. I did not maintain books of acts. But I have receipts for the expenditure incurred for running my business
Later I revised the returns as per 44ADA.
Am I not allowed to do this ?
Kindly advise.
Thanks
Prasad
I am consultant who provide technical consultancy. My firm is a Proprietorship
I filed IT return for AY 2017-18 as per normal Scheme of Taxation. I did not maintain books of acts. But I have receipts for the expenditure incurred for running my business
Later I revised the returns as per 44ADA.
Am I not allowed to do this ?
Kindly advise.
Thanks
Prasad
28 December 2019
If you have already revised your return you have to declare 50 % income of gross receipts
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