Revised return and interest as per 234(a)

If you wish to reply the notice......... you will have to proceed through “E-Proceeding” Tab and choose “E-Assessment/Proceedings  after login to efiling site...... & Click on “Prima Facie Adjustment u/s 143(1)(a)”

For more detailss refer: tax-notice-proposed-adjustment-1431a

But if you wish to revise the return you can file it u/s. 139(5)....... within 15 days.....

Yes, interest liability will arise of any tax due......

As per my personal opinion, if you wrongly disclosure your income then you may revise return with time limit specifed, if you have prove that you show the right calculation, then you have to with e proceeding. If wrongly disclose then pay interest with tax.

If anybody have different views then views are welcome. thanks. Disclaimer:it is not Professional advice.

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