Josh (Manager) (124 Points)
30 March 2021Hi,
My friend has received a e campaign message. On verification in the compliance portal, it was found that it pertains to certain interest incomes which were not considered in the IT return. The original return status is ITR processed. The ecampaign amounts are not however reflected in the 143(1) intimation. What needs to be done in this case.
Thanks,
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 30 March 2021
FILE REVISED ITR ON OR BEFORE 31.3.2021 WITH CORRECT INCOME, YOU CAN STILL REVISE EVEN IF ORIGINAL PROCESSED.
Josh
(Manager)
(124 Points)
Replied 30 March 2021
Thanks Umesh. Is there a likelihood of penalty. Can you also clear my confusion I was of the opinion that revisions can be made only till the end of assessment year or completion of assessment whichever is earlier. However can I still make a revision after return is processed (the option for revision is still enabled). Also the 143(1) notice has a incorrect demand of Rs 980 (Self Assessment tax paid not considered). Will this have a impact. Thanks
CAclubindia
