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

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
Replies (5)
Quick Summary
This discussion clarifies the difference between filing a revised return under section 139(5) and a rectification of return under section 154 for the financial year 19-20. If you've received an intimation under section 143(1), rectification is the appropriate route. Filing a revised return before 31st May 2021 will not attract late filing fees (234f) due to the extended due date.

File a revised return before 31.5.21
Thanks for replying

will it attract any late filing fees 234f?

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.

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

thankyou very much
Your welcome

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