very very very urgent

It is advisable to Revise the Orginal Income Tax Return and show the Income which was not shown in the Original Return instead of showing it as Prior period Income.

Regards,
Devendra Kulkarni

In case the option of Revising the Return is not to be considered, the only way to disclose the income not considered in Previous year’s Return(s) is to Add the same to current year’s Income.

u/s 139(5) if return is timely filled i.e not a belated return it can revised ..time limit is 1 year from the next assessment year and assessment procedure whichever is earlier..so its better to revised the return and book the income ....

"u/s 139(5) if return is timely filled i.e not a belated return it can revised ..time limit is 1 year from the next assessment year and assessment procedure whichever is earlier..so its better to revised the return and book the income ...."

Agree with Abhinandan

go for revised return....

You shuld revise your IT return.............

For some incomes there is no chance to offer as income in the current year so u should be file revised return like salary should be taxable for the year of accrued or received which ever is earliear. So in your case the decission will be depended on you case facts

                      Thank you

                                          OM SAI SRI SAI JAI JAI SAI

Please file a Revised IT Return.......

If the assessee follows a cash system of accounting and the same is regularly followed by the assessee, he can offer his income in the year in which he received (Sec. 145). If not, then strictly speaking only option is to revise the return subject to original return is filed within the due date U/s 139(5). If original return is not filed in time, then include the income in the current year as prior period income.

go for revise return