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Revised return

This query is : Resolved 

01 January 2016 One of my client has filled return for the assessment year 2013-14 before due date but in return there was mistake. The mistake was the exempt income shown under the head income from other sources & claimed deduction for the same in under section 57. Now the case has gone under scrutiny. The AO disallowed the expenditure. My query is i want to file rectification return. What is the remedy available & under which section.

01 January 2016 Dear Nitin Ji

Happy New Year

Since in your case assessment is done, now you can rectify the same by filing return. If you also want to do the same thing which is disallowed by the AO then why to file any rectification... Yeah there may be chance that AO initiate penalty prosecution. So request your AO and prove that this was not done deliberately...
Best of luck


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