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Income tax revision after due date

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Business
190 Points Posted on 26 February 2020
an assessee filed itr for financial years 2017-18 , n mistakenly quoted turnover 28,50,000 in itr instead of 1850000, this might lead to tax evasion charges when GSt is matched with itr , how can assessee revised return now since due date is over ?
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On 26 February 2020 at 11:06 Report
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CFO- at NHTF
58280 Points Posted on 26 February 2020
You must visit the local income tax office.They have the powers.You can't revise online...
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On 26 February 2020 at 11:17
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Business
190 Points Posted on 26 February 2020
Sir but since return filing and revision is done online , so there must be a mandation to file the grievance for it online
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On 26 February 2020 at 12:21
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CFO- at NHTF
58280 Points Posted on 26 February 2020
Try using rectification method.

Grievance don't solve to update the sales figure.
Moreover even rectification for correction of data require AO permission.

Try for online rectification.It may accept though the time limit got over
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On 26 February 2020 at 17:38
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Business
190 Points Posted on 26 February 2020
Time limit has gone for rectification also sir ?
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On 26 February 2020 at 21:17
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PRACTICE
673 Points Posted on 27 February 2020
Rectification time limit is 4 years
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On 27 February 2020 at 01:14
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Business
190 Points Posted on 27 February 2020
If mistake is done from assessee side , is it still possible to intimate department and correct the data ?.
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On 27 February 2020 at 11:47
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CFO- at NHTF
58280 Points Posted on 28 February 2020
Yes.


But correcting data ,you must file revised return..

Check there are practical issues as well...
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On 28 February 2020 at 07:46
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Business
190 Points Posted on 28 February 2020
Sir revised return date is over , only option to rectify is available now.
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On 28 February 2020 at 15:41
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CFO- at NHTF
58280 Points Posted on 29 February 2020
Kindly contact the IT Office.
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On 29 February 2020 at 19:08


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