04 June 2014
I have filed ITR for Assessment Year 2013-14 online on Dt.05/12/2013. By mistaken while filing the ITR 4, Schedule BP, column No. 51, I entered Purchase figures (Rs. 17,45,668/-) instead of Gross Profit (Rs. 2,85,602/-). So, the Gross Profit was hike by mistake. Net Profit was shown correctly in the form. When I received Intimation U/s. 143(1), found computation as per Income Tax Department “Income from Business or Profession Rs. 16,56,885/-. This was a data entry error. Now Can Revised Return filed. For the Assessment Year 2013-14 or Rectification U/s. 154 is possible ?
05 June 2014
Dear Sir, but I have filed revised return against it yesterday. and by which section I can make rectification ? Please guide now what could be done?