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.

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.

09 July 2020 File revised return under 44AE before the end of the month extended due date.

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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