Filing of return in wrong head

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Business
190 Points Posted on 09 February 2020
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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On 09 February 2020 at 22:07 Report
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Quick Summary
An assessee mistakenly filed their income tax return under Section 44AD (business income) instead of Section 44AE (transportation income) for FY 2017-18. As direct revision of the return is no longer possible for that financial year, the recommended course of action is to apply for rectification under Section 154. Failure to correct the filing could lead to penalties for assessment and misinformation.

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12244 Points Posted on 10 February 2020
For f. y. 2017-18, ITR cannot be revised now
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On 10 February 2020 at 01:54
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Studwnt
1141 Points Posted on 10 February 2020
Apply for rectification u/s154
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On 10 February 2020 at 07:45
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45 Points Posted on 10 February 2020

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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On 10 February 2020 at 13:40

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