assessee had income from vehicle under 44 ae(transportation income ) in financial year 2017-18 but mistakenly filed return under 44ad section (income from business),
how to revise return ? and what are consequences or penality of it ?
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Filing of return in wrong head
Replies (3)
Quick Summary
For f. y. 2017-18, ITR cannot be revised now
Apply for rectification u/s154
Yes for return to be correctly processed assessee needs to revise it's return otherwise penalty provision of assessment and misinformation shall be applicable
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