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Itr4 urgent

Jyoti Narang (Kkk) (1203 Points)

27 July 2020

if I filled a return with difference of 1 lac in income how to rectify the return after e verification.

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9 Replies

Shankar Jayan (9 Points)
Replied 27 July 2020

If the return is filed within due date you can submit revised return

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Jyoti Narang (Kkk) (1203 Points)
Replied 27 July 2020

How to file revised just by adding sec 139 sub 5 at the place of 139(1)

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

Yes, There is no option to change Income once retun is filed. You have to file the Revised return to change your income.
It's not recommendary to revised the return except it's really necessary.

Jyoti Narang (Kkk) (1203 Points)
Replied 27 July 2020

But client want to show 1 lac more income.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

If client want to show more income than you can file revise return and show the increased income in Revised ITR.
You can file revised ITR by selecting return under section 139(5) and also mentioning acknowledgement number of original ITR filed with your correct income (increased income).

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Jyoti Narang (Kkk) (1203 Points)
Replied 27 July 2020

Is it attract any scrutiny or any thing like this in future.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 July 2020

Yes, Not mandatorily, ...but there is a change of notice.
That's why I said that " It's not recommendary to revised the return except it's really necessary"