If you've incorrectly filed your ITR-1 for AY 2021-22 or 2020-21 and received a demand notice, you may need to rectify the return. The procedure involves filing an Updated ITR under Section 139(8A) of the IT Act if there's an additional tax liability. However, if your tax liability reduces, an updated return cannot be filed, and there are no other stated options.
22 October 2022
One of my client wrongly file his ITR-1 for the AY 2021-22 and AY2020-21 and there is a demand notice , now he want to rectify the return and pay the balance tax if any. so what is the procedure.