A person is having income from rent of cars u/s 194IB & contract work income u/s 194c in thier 26AS.
But last year i.e. A.Y. 2017-18 he filed return in ITR_1 and claimed refund of Rs. 86000 .
but due to wrong ITR form selection & income , he received a demand notice from CPC of Rs. 195000 approx.
now should i revise the return or any other option is available.
& which ITR should be filed....whether ITR -4 (presumtive basis )can be filed or not...?
Yes, you may revise the return ......... with ITR4; but doubt is whether CPC will consider the revised return now.
CAclubindia
