WHETHER RECTIFICATION UNDER BELATED RETURN U/S 154 IS ALLOWABLE?

This query is : Resolved 

31 December 2024 SHARE OF PROFIT IN A PARTNERSHIP FIRM IS WRONGLY TAKEN IN COMPUTATION OF TAXABLE INCOME IN A BELATED RETURN U/S139(4) .CAN IT BE RECTIFIED US 154?

01 January 2025 Better to revise it. Income Tax Department has extended the deadline for filing revised and belated ITRs to January 15, 2025, providing taxpayers additional time to comply with regulations. The extension aims to ease the process for individuals needing to file or correct their returns.



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