Revised ITR QUERY of AY 23-24

This discussion addresses how to handle omitted income in an Income Tax Return (ITR) for Assessment Year 23-24, especially after a Section 143(1) notice has been issued and a refund credited. It confirms that a revised ITR can be filed after paying the additional tax due. If the revised return results in no refund or a demand, the taxpayer will need to pay the outstanding amount with applicable interest.