Revised itr

ITR 380 views 1 replies

My client has filed IT return  in ITR 4 (Business or profession) for A.Y. 2013-14 on 10th October 2013 (Late return) where as per the rule he supposed to file on or before 5th of August 2013.   In the return he had shown nil tax liability.  However after going through it is found that there is an error in computation and a liability of Rs. 8000/- aprox. has been arrived for the same A.Y.

What can be done in this case as revised return can not be filed for late return as per my knowledge.  Is there any other option left with the client ?

Replies (1)

As per Law it is not allowed but technically i think so it can be done.

while filing it will not show you any error of original return was late filed or anything.

since your motto is not to hide income and pay correct tax i don't think so it will cause any problem.

Pay your SA Tax along with interest as per 234 a/b/c


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