Several tax payers who had filed their returns well before the prescribed time limits for AY 2020-21 have received information that there are discrepancies with regard to their returned income.
Some had file their returns well in June 2020, but later some interest or other sources income had been disclosed in AIR filed by the Deductors.
If any income is not disclosed(obviously due to lack of information due to covid situation) should we confirm that discrepancy and wait for condonation by the jurisdictional AO to revise the returns, or what should be the course of action.
Please advice.
CAclubindia
