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 ?
Ramesh patel (Business) (190 Points)
09 February 2020
Monu Prajapati
(45 Points)
Replied 10 February 2020
Yes for return to be correctly processed assessee needs to revise it's return otherwise penalty provision of assessment and misinformation shall be applicable
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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