Return filed in ITR 4S

[Asked by Guest]

Respected Sir,

Regarding Income Tax 4S Return filled and submitted on 15.06.2015 for the Assessment year 2015-16 and shown income under section 44 AE as transport business but by mistake Gross Turnover /receipt u/s 44AD not reflected and submitted accordingly.Due to this is it necessary to submit any revised return or not.

Thanking you,

With regards,

Buddha deb Das

AI Summary

Presumptive taxation under section 44AE: whether omission of turnover under section 44AD necessitates filing a revised return.
Presumptive taxation for transport activity was claimed in ITR 4S while gross turnover/receipts applicable to the presumptive small taxpayer scheme were omitted; the taxpayer queries whether that omission necessitates filing a revised return to correct the disclosure and comply with presumptive scheme requirements.