whether it is defrctive return

CA. Nitesh (Assistant Manager (Finance and Accounts)) (491 Points)

18 January 2011

If someone file ITR-4 instead of ITR -2 whether it is defective return or return has to be revised

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3 Replies

SUNIL GARG (CHARTERED ACCOUNTANT) (175 Points)
Replied 18 January 2011

Hi Nitesh,

It will not be considered as defective return certainly.

As far as revision is concerned, I don't think there is any need.

To be on the safer side, you may revise the ITR, otherwise not a big issue.

Pankaj Arora (Learner) (3134 Points)
Replied 18 January 2011

If you mention your all income of itr-4 in itr-2 than don’t worry just revise your return.

If u did not mention your incomes of itr-4 in itr-2 than it may be penalty or interest on escaping income.

CA. Nitesh (Assistant Manager (Finance and Accounts)) (491 Points)
Replied 18 January 2011

thanks a lot sunil sir g and pankaj

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