Ractification or revised or both (urgent)
This query is : Resolved
12 December 2011
Hi,
I have file return of my client,having income from salary ,CG,HP,& other sources.Income from other sources includes foreign income.But I have receivd intimation u/s 143(1)where no credit has been given u/s 90 because of which huge demand is raising.
At the time of filling return I have taken this foreign income approximately,now i want to change this,it will not have any impact on tax liability,but GTI will reduce.
Please tell me how do I ractify this return and how to change GTI?
Since in ractificaton I can't reduce GTI.
I have file return of my client,having income from salary ,CG,HP,& other sources.Income from other sources includes foreign income.But I have receivd intimation u/s 143(1)where no credit has been given u/s 90 because of which huge demand is raising.
At the time of filling return I have taken this foreign income approximately,now i want to change this,it will not have any impact on tax liability,but GTI will reduce.
Please tell me how do I ractify this return and how to change GTI?
Since in ractificaton I can't reduce GTI.
13 December 2011
If you want to revise the income figures, then it is better to file a revised return.
Howevr, please note that revised return can be filed only if the original return was file before the due date.
Howevr, please note that revised return can be filed only if the original return was file before the due date.
13 December 2011
but sir please tell me after receiving intimation u/s143(1)can i revised my orignal return or is there any further action to be taken
13 December 2011
You can revise the return even after receiving intimation u/s 143(1) as intimation is not an assessment order.
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