Rectification u/s 154.....
This query is : Resolved
Quick Summary
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.
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