Wrong nature of business

This query is : Resolved

srivanivemula (Querist)
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14 October 2017 one of my client filed income tax return (after due date) under 44AD income.
but while selecting nature of business, it was wrongly selected as service sector - other
but actually the nature of business is trading
is there any chance of rectification
still the return was not processed
and the turnover was around 24 lacs

please let me know the consequences

srivanivemula

srivanivemula (Querist)
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14 October 2017 if the intimation was received, is there any chance of changing nature of business