assessee had income from vehicle under 44 ae(transportation income ) in financial year 2017-18 but mistakenly filed return under 44ad section (income from business),
how to revise return ? and what are consequences or penality of it ?
Menu
Filing of return in wrong head
Replies (3)
For f. y. 2017-18, ITR cannot be revised now
Apply for rectification u/s154
Yes for return to be correctly processed assessee needs to revise it's return otherwise penalty provision of assessment and misinformation shall be applicable
Recent Threads
- Purchase and sales of Shares entry in Tally
- Where to know latest GST HSN Codes and their Rates
- Hsn code and rate cnsl crude oil
- Clarification required on taxation of income from
- Pension Income up to Rs.1,66,250 per month equal t
- Reappointment of Managing Director in a private li
- VAT deducted by Saudi company
- RCM doubt please clarify
- Should open NRO account?
- Which IT section applicable for cash transaction i
Related Threads
CAclubindia
