I worked for 3 Companies in FY= 2015-2016 and missed to show income from 1 of them. The ITR was processed. Can I rectify the ITR for show this income or now nothing could be done to show the income from the company I missed?
Wae Jing Lonthaw (Others) (341 Points)
08 August 2017I worked for 3 Companies in FY= 2015-2016 and missed to show income from 1 of them. The ITR was processed. Can I rectify the ITR for show this income or now nothing could be done to show the income from the company I missed?
Wae Jing Lonthaw
(Others)
(341 Points)
Replied 09 August 2017
Explain Section 154 in detail and procedure to file Rectification.
RAMESH D MODI
(Proprietor)
(4864 Points)
Replied 09 August 2017
Kiran. S
(CTO)
(745 Points)
Replied 09 August 2017
1) Is the TDS cut on that salary?
2) Intimation u/s 143(1) is not assesment order.
3) You can file revised return until 31 march 2018 for fy 2015-16 (AY 2016-17).
4) Fresh tax credit claims can be consumed in Revised return.
5) If you want to show higher income and reduced tax refund it will result in demand from IT dept.
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