banner_ad

Query regarding revised income tax return

ITR Filing 251 views 1 replies

Assessee is having salary income plus business income and he already filed original income tax return for the assessment year 2019-20 but erred in showing income under business head.

Now he will have to file revised return for correct income.

Can he show income under head business u/s. 44AD in revised return ?

Whether there is any chance of receiving notice from i t dept. for showing additional income in revised return of income ?

Please do the needful in matter and oblige.

Replies (1)
 
 

Assessee is having salary income plus business income and he already filed original income tax return for the assessment year 2019-20 but erred in showing income under business head.

Now he will have to file revised return for correct income.

Can he show income under head business u/s. 44AD in revised return ?

YES


Whether there is any chance of receiving notice from i t dept. for showing additional income in revised return of income ?

Not because of the revision of income on higher side.

One can revise it with additional income. Even declare income under presumptive assessment.

 

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details