i have shown less income in belated return to avoid late fee. can I revise the belated return and shown the correct income now ?
Replies (11)
Quick Summary
If you've filed a belated tax return showing less income to avoid late fees, you may be able to revise it. For the Assessment Year 2022-23, revising your return to declare the correct income is possible. For earlier years, you might need to consider filing an updated return under section 139(8A) after the due date has passed.