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

pragyanesh prajapati (51 Points)

13 May 2021  
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

 5 Replies

Sourav (Student) (23849 Points)
Replied 13 May 2021

File a revised return before 31.5.21
1 Like

pragyanesh prajapati (51 Points)
Replied 13 May 2021

Thanks for replying

will it attract any late filing fees 234f?

CMA Poornima Madhava (CMA) (12987 Points)
Replied 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 Like

pragyanesh prajapati (51 Points)
Replied 13 May 2021

Recd 143(1) then good to rectify the return.

thankyou very much

Sourav (Student) (23849 Points)
Replied 14 May 2021

Your welcome

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