if I filled a return with difference of 1 lac in income how to rectify the return after e verification.
Replies (9)
Quick Summary
If you've filed your ITR-4 and later discovered an income difference of £1 lakh, you can rectify it by filing a revised return. This is possible even after e-verification, provided the original return was filed within the due date. You'll need to select the revised return option under section 139(5) and include the acknowledgement number of your original ITR. While this process allows you to declare the increased income, be aware that it might attract scrutiny or a notice from the tax authorities in the future.
Yes, There is no option to change Income once retun is filed. You have to file the Revised return to change your income. It's not recommendary to revised the return except it's really necessary.
If client want to show more income than you can file revise return and show the increased income in Revised ITR. You can file revised ITR by selecting return under section 139(5) and also mentioning acknowledgement number of original ITR filed with your correct income (increased income).
Yes, Not mandatorily, ...but there is a change of notice. That's why I said that " It's not recommendary to revised the return except it's really necessary"