I have filed income tax return-ITR 1 for a friend of mine, who is a government employee online for Assessment year 2010-11. i have filed a late return i.e on 3rd August 2010. Due date was 4th August 2010.
Now i have received an intimation under section 143 (1) asking me to pay tax.
On receipt of intimation, I found out that I have wronly shown a much higher salary. The actual salary as per my Form 16 is less. It was error on my part to show such a high salary.
Now as per the intimation, I have to pay an additional 10,000.
Should I go for revised return or rectification u/s 154?
CAclubindia
