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)
(4869 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.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)