I have filed my return for ay 18-19 before due date and I am exempt u/s10(26). but my return was got defective due to turnover limit exceed 1 crore as because I have quoted my income in schedule EI under exempt income head.
but later I have submitted revised return showing my income in gross profit column which exceeds 1 crore.
on 14th Feb 2020 my return become invalidated due to not audited. I fall u/s 10 (26) of it act 1961.
plz help to get back my ferund.
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Invalid Return
Replies (2)
Now there are no other option left, but to file condonation request to file return u/s. 119(2)(b) IT act, with your Ward JCIT/ IT officer.
Chances are very less, but if permitted you can refile return...
Filing ITR is mandatory. Filing Audit report is also Mandatory. Both this required to continue recognition under 10(26).
You write a letter requesting AO about the situation you are in and remedy.
You write a letter requesting AO about the situation you are in and remedy.
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