I have already filed return for year 2015-16. I was a partner in a partnership firm which was in loss for the year. My accountant says I have to show remuneration for which I need to revise my itr.. But maybe in a month or two.. Can you plz advise and if any risk in this.. This is actually raising my taxable income, not reducing so I don't think it should be a problem.. Your views plz
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Revised return for remuneration - any risks
Replies (2)
When you are going to rectify the mistake, with actual facts, no need to worry.
Revised return are checked and compared with original, but no need to worry for scrutiny because of revision.
Dear Manik,
Go ahead with rectification and dont worry .
Originally posted by : Manik Arora
I have already filed return for year 2015-16. I was a partner in a partnership firm which was in loss for the year. My accountant says I have to show remuneration for which I need to revise my itr.. But maybe in a month or two.. Can you plz advise and if any risk in this.. This is actually raising my taxable income, not reducing so I don't think it should be a problem.. Your views plz
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