Financial year 2017-18

This discussion addresses how to file a revised ITR-4 for the 2017-18 financial year when the deadline has passed. Unfortunately, directly amending or revising the return is not possible after the due date. While a Section 154 rectification is an option, it cannot be used to declare omitted income and is only applicable after the return has been assessed. The advice suggests either accepting the situation or proactively writing to the Assessing Officer (AO) to explain the facts, which may help mitigate future penalties.