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Can i revise itr 1 to itr 4 or itr 3

4471 views 34 replies

Dear Sir / Madam,

A Assessee file his ITR for AY 2017-18 in ITR 1. But, He is dealing business like Home Appliances Trading.

Can I revise the ITR...? if Yes

Can I Revise the ITR in ITR 4...?

Replies (34)

Yes, you can ...... before processing of original return.

Yes before ITR Processing ITR 1, you can revise your return ITR 4

In case the ITR is processed then What can I do...?

If only intimation u/s. 143(1) received, it is not treated as assessment......

Originally posted by : Dhirajlal Rambhia
If only intimation u/s. 143(1) received, it is not treated as assessment......

 

If Any changes to convert ITR 1 to ITR 4 for the AY 2017-8

File revised return (ITR4) for AY 2017-18, under sec. 139(5); (return as usually prepared); with the acknowledgement and date as per original return.

Originally posted by : Dhirajlal Rambhia
File revised return (ITR4) for AY 2017-18, under sec. 139(5); (return as usually prepared); with the acknowledgement and date as per original return.

 

Sir.,

It's mean can I go to file 139(5) if  even ITR 1 processed...?!

Yes, if by processed .... you mean to say...... u/s. 143(1) of IT act.......

No, if any detailed assessment order u/s 143(3) received.

Thank You for the replies Sir...

I'll try to revise the return in ITR 4...

In case any difference from ITR 1 and ITR 4... as in Computation

ITR - 1 -

IFOS (NETPROFIT FROM RETAIL SALES HOME APPLIANCES & Etc - Rs. 394,340

Tax Paid Rs. 8840

 

I'll prepare ITR 4 as 

Gross Sales and Services - Rs. 11,55,450

Net Profit Rs. 394,450

 

As per above details any query from ITD ?

When there is no change in total income, and thus no change in tax liability........so, no chance of any doubt or query..... unless otherwise any AIR reporting........

Sir.,

The Above said Assessee filed his ITR from AY 13-14 to 16-17 in ITR 4S. In AY 2017-18 filed in ITR 1 but same business...

 

In this situation can I go to revise the ITR - 1 to ITR 4...???

 

 

Is there any tax demand........

Or accepted as declared under ITR...............

No sir... Ni more demand. . its shiwing itr processed. .


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