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Can i revise itr 1 to itr 4 or itr 3

S ELAVARASI (ACCOUNTANT) (2975 Points)

23 August 2018

Dear Sir / Madam,

A Assessee file his ITR for AY 2017-18 in ITR 1. But, He is dealing business like Home Appliances Trading.

Can I revise the ITR...? if Yes

Can I Revise the ITR in ITR 4...?

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34 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 23 August 2018

Yes, you can ...... before processing of original return.

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CA P V N Varma (CA ) (609 Points)
Replied 23 August 2018

Yes before ITR Processing ITR 1, you can revise your return ITR 4

1 Like

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 23 August 2018

In case the ITR is processed then What can I do...?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 23 August 2018

If only intimation u/s. 143(1) received, it is not treated as assessment......

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 23 August 2018

Originally posted by : Dhirajlal Rambhia
	If only intimation u/s. 143(1) received, it is not treated as assessment......

If Any changes to convert ITR 1 to ITR 4 for the AY 2017-8

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 23 August 2018

File revised return (ITR4) for AY 2017-18, under sec. 139(5); (return as usually prepared); with the acknowledgement and date as per original return.

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 23 August 2018

Originally posted by : Dhirajlal Rambhia
	File revised return (ITR4) for AY 2017-18, under sec. 139(5); (return as usually prepared); with the acknowledgement and date as per original return.

Sir.,

It's mean can I go to file 139(5) if even ITR 1 processed...?!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 23 August 2018

Yes, if by processed .... you mean to say...... u/s. 143(1) of IT act.......

No, if any detailed assessment order u/s 143(3) received.

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S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 23 August 2018

Thank You for the replies Sir...

I'll try to revise the return in ITR 4...

In case any difference from ITR 1 and ITR 4... as in Computation

ITR - 1 -

IFOS (NETPROFIT FROM RETAIL SALES HOME APPLIANCES & Etc - Rs. 394,340

Tax Paid Rs. 8840

I'll prepare ITR 4 as

Gross Sales and Services - Rs. 11,55,450

Net Profit Rs. 394,450

As per above details any query from ITD ?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177713 Points)
Replied 23 August 2018

When there is no change in total income, and thus no change in tax liability........so, no chance of any doubt or query..... unless otherwise any AIR reporting........

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S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 23 August 2018

Sir.,

The Above said Assessee filed his ITR from AY 13-14 to 16-17 in ITR 4S. In AY 2017-18 filed in ITR 1 but same business...

In this situation can I go to revise the ITR - 1 to ITR 4...???