Rectification u/s 154.....
This query is : Resolved
04 August 2022
A person who wrongly filed his itr under salary head (ITR 1) in place of Business income u/s 44AD (ITR 4). He shows total income of Rs 415000 under salary. Now I want to file rectification u/s 154 by replacing his income from salary to business income putting the total income same. Weather rectification u/s 154 is possible in above case?
04 August 2022
Which assessment year?
04 August 2022
Assessment year 2021-22
04 August 2022
Yes, it can be applied.
04 August 2022
Thank You sir for your valuable response.
04 August 2022
A better option would be to file Updated return u/s. 139(8) of the act.
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
- GST APPEAL ITC
- Requirement of Form 15CA CB - Rent payment
- Surcharge on discretionary AOP/TRUST for AY 25-26
- TDS U/S 194S VDA
- TCS Return Without PAN
- If Material shift from dry port local egm details not refleting on ICE gate portal
- GOODS TRANSPORT AGENCY RCM HSN CODE SUMMARY
- Project report for commercial tax
- Format of Amendment of trust deed applicable for 12AB registration
- Advance tax payment after 15th Mar 15
- Youtube income
- Statutory Deduction-PF
- Credit rating model
- Surcharge applicability on LTCG loss
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
