ITR 4 and Bank transactions
This query is : Resolved
Mahabir Prasad Agarwal
(Querist)
31 August 2026
ITR 4 was filed for FY 2024-25 declaring income under section 44AD. But, turnover amount was shown mistakenly in Cash column instead of in Bank Column. Now, while registering for GEM, there arose problems and registration attempt failed. What is the solution for the same sir ?
31 August 2026
To resolve the GeM registration failure, file a revised return (u/s 139(5) or 139(8A)) on the Income Tax portal shifting the declared turnover from Field E1b (Cash) to Field E1a (Bank/Digital modes). Once e-verified, wait 24 to 48 hours for the tax database to sync, then re-verify the ITR details on the GeM portal under Financial Details to complete vendor verification.
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