Dear Colleagues
One of my clients in the process of taking a loan from the bank handed over his financial documents to the agent of the bank
That agent filed his ITR with inflated sales and profits and took deductions in every head that he could. Assessee obviously doesnt qualify for the deductions nor he has such high turnover.
Moreover the Self Assessment tax in his return that the agent filed is also not paid and the challan numbers and BSR codes all are false.
Now as he could not get the loan assessee wants me to correct his return. I've told him that ITR can't be revised as it was filed late
What remedy is available to the assessee now if he wants to do away with that ITR and file a fresh one
-Thank You
CAclubindia
