Revised return
This query is : Resolved
kamalakarreddy
(Querist)
17 September 2015
a person received professional fee Rs 1938810 in that only Rs 80000 TDS deducted for Rs 8000000 and filed ITR-4 as per 26AS records in that Rs 80000 deducted
Now is there any possible to revied ITR-4 earlyear we filed. if we declares total amount i e 1938810 as recipts , how much expenditure allowable 40% r above plz kindly advice me.how much tax now we have to pay
Now is there any possible to revied ITR-4 earlyear we filed. if we declares total amount i e 1938810 as recipts , how much expenditure allowable 40% r above plz kindly advice me.how much tax now we have to pay
CA. Brijesh Baranwal
(Expert)
18 September 2015
1. Return can be revised under provisions of Section 139(5) depending upon date of original filing.
2. There is no fix rate of expenditure allowed in such cases.
2. There is no fix rate of expenditure allowed in such cases.
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