ITR-1 Rectification

This query is : Resolved 

Quick Summary
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.

22 October 2022 You can file Updated ITR u/s. 139(8A) of IT act, if there is any additional tax liabilities...

22 October 2022 In the above case my tax liability will be reduce. so then what is the procedure

22 October 2022 In case any tax payable, you can file updated return; not if there is any refund.
No other option.


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