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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- ITR validation error - Balance sheet is not filled
- Eway bill for machinery reparing
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- Income of an individual
- Applicable TDS for Purchase of Flat from NRI
- Change the gender in the registration of icai
- Lift replacement entries in housing society
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
