Revised return - to change income head

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Zackir (Querist)
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21 March 2014 I receive rentals from operating lease of a function hall. I filed ITR-2 for AY 2012-13 on 30Jun2012, as property income. Since operating lease rentals can be considered business income, can I file a revised return in ITR-4 and claim depreciation for the building as well? What will be the risks in filing a revised return for changing income head and a different ITR?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 when u have filed the itr only which was wrong so dept wil take it as if no valid retuirn has been filed....so file belated return u/s 139(4)

Zackir

Zackir (Querist)
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21 March 2014 Thank You Sir. 143(1) intimation is already received. Would it make a difference?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 March 2014 then u file rectification letter u/s 154...

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