Revise my income in return

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Student
273 Points Posted on 25 July 2020
For A.Y. 2017-18, I showed an accrued income in my return and paid taxes on it. But after 2 years, when I was to actually receive the amount, the company has gone bankrupt and I lost all my interest income without actually receiving it.
Can I file any revise return for the A.Y. 2017-18, showing less income. If not, than what other means do I have to revise my income.
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On 25 July 2020 at 12:12 Report
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Quick Summary
You've paid tax on accrued income for AY 2017-18, but the company later went bankrupt, meaning you never received the funds. Unfortunately, the deadline to file a revised return for AY 2017-18 has passed. Your best course of action is to file an application with the concerned Assessing Officer (AO) to explain the circumstances.

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Tax and Business Consultant
11616 Points Posted on 25 July 2020
You can't revised the return for A.Y 2017-18 now, as the due date to file revised return is already expired.
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On 25 July 2020 at 12:45
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Student
273 Points Posted on 25 July 2020
What else can i do than ?
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On 25 July 2020 at 13:07
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Working as Sr. Operation Executive
146 Points Posted on 25 July 2020
You may file an application regarding the issue to concerned AO
1 Reply
On 25 July 2020 at 13:13

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