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Whether to file revise return or rectification of return for FY 19 20

CA Final 307 views 5 replies
Guest
I have one doubt since in original ITR less income have been shown and now want to update by filing form.

but i am confused between under which section to file
139(5) or 154.

and if filed under section 139(5) then is need to pay penalty?

thanking you
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On 13 May 2021 at 17:59 Report
Replies (5)
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Chartered Accountant
24588 Points Posted on 13 May 2021
File a revised return before 31.5.21
1 Reply
On 13 May 2021 at 18:43
Guest
Thanks for replying

will it attract any late filing fees 234f?
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On 13 May 2021 at 18:46
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CMA
13117 Points Posted on 13 May 2021

If you have received intimation u/s 143(1), then rectification else revised return. No late filing fee because the due date is extended up to 31st May.

1 Reply
On 13 May 2021 at 18:57
Guest
Recd 143(1) then good to rectify the return.

thankyou very much
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On 13 May 2021 at 19:04
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Chartered Accountant
24588 Points Posted on 14 May 2021
Your welcome
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On 14 May 2021 at 19:49


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