Rectification of ITR

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An assessee filed their Income Tax Return (ITR) for AY 19-20 under Section 44AD with a turnover of £580,000. They now wish to rectify this return to claim Section 44AE, which involves a higher turnover. The question is whether it's possible to change from Section 44AD to 44AE on a non-belated return. It is advised to file a revised return under Section 44AE before the extended due date.

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(Querist)
09 July 2020 Assessee filed ITR for AY19-20 in section 44AD and turnover is 580000.
Now want to rectify the ITR and filled under section 44AE - turnover is also higher than previously shown.

Whether it is possible to change ITR from 44AD to 44AE.
ITR IS NOT BELATED RETURN.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
09 July 2020 File revised return under 44AE before the end of the month extended due date.
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PARAS CHHAJEDpro badge

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PARAS CHHAJEDpro badge (Expert)
10 July 2020 Even if was a belated return for AY 19-20 it can be very well revised by 31.07.2020.
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