I have filed ITR4 for one of my client and i have shown some business expenses under other expenses column due to lack of column of that particular expense. Now I received a intimation u/s 143 in which AO has disallowed that expenses and charged tax on that expenses.
What procedure now I have to follow?
Whether I have to file revised return or to meet AO?
Pls reply asap.
Thanxs in advance.
Dear Purvi,
It is better to revise the return. Prepare the corrected X M L and check that X M L through the utility provided by income tax site after that upload the same.
Thanks Hayedar,
Can u tell me in how many days I will get the assessment for the revised return.
Dear Purvi,
It depends on the processing done by the CPC after uploading the X M L. It normally takes 2-3 months.
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