Revision or Rectification of ITR


This query is : Open 

Quick Summary
If your Income Tax Return (ITR) shows a wrongly declared exempt income that is actually taxable, and you've received a demand notice under section 143(1), you might be wondering about your options. While standard revision or rectification may not be possible in this scenario, an updated return could be the solution to correct the error and address the demand.

17 January 2022 Dear sir,
An amount showing wrongly in exampted income but it is taxable as per IT ACT FOR F. Y. 2019-20, we have received intimation 143(1)
For demand, by taking tax on said examted income so what we can do revise, rectify, or any other way

17 January 2022 Accept the demand and pay the tax. Revison and rectification not possible.

17 January 2022 Any condonation is possible, so that we rectify or revise

18 January 2022 Not possible..........

21 June 2022 No you can give Updated return


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