• Need to add additional Income after demand issue

I have received Demand Notice 143 (1) for AY 2021-2022 in India, 

Now I want to reduce capital gain because it is not related to AY 2021-22, Add new salary & bank interest income.

-------------------------------------------------- & ------------------------------------------

I have received Demand Notice 143 (1) for AY 2022-2023 in India.

I want to change-increase salary income amount but unable to update in rectification because case has been selected for scrutiny.
Asked 4 months ago in Income Tax

if can share the details and notice I will be able to help you

Vidya Jain
CA, Kolkata
1010 Answers
58 Consultations

4.8 on 5.0

For both the years, if it has a net increase in the tax liability, an updated return can be filed under section 139(8A) by paying additional tax liability. 

Karthik R
CA, Bengaluru
7 Answers

Not rated

Plz share copy of demand notice for precise reply


For detailed discussion, you may opt for phone consultation

Vivek Kumar Arora
CA, Delhi
4840 Answers
1037 Consultations

5.0 on 5.0

Please share the notice copy to guide you in detail

Prerna Peshori
CA, Pune
194 Answers
11 Consultations

5.0 on 5.0

I've reviewed your concerns regarding the Demand Notices for AY 2021-2022 and 2022-2023. For AY 2021-2022, an updated return under Section 139(8A) seems appropriate for adjusting your capital gains and income. As for AY 2022-2023, especially with your case under scrutiny, a closer look is essential. Could you please share a copy of the demand notice? This will help us understand the specifics and ensure we provide the most accurate advice. Let's schedule a phone consultation to discuss these matters in detail and find the best solutions for your situation.


Hope you find the information helpful. You are free to contact me for further discussion.If you could spare two minutes of your time to write a review, It would be really grateful and very happy to read it.


Thank you.

Shubham Goyal

Shubham Goyal
CA, Delhi
212 Answers
4 Consultations

5.0 on 5.0

You can do all this if tax is becoming payable by filing updated return as rectification won't help.


Hope you find the information helpful, if yes do rate if 5 and provide your valuable feedback for my improvement.

Thank you.

Naman Maloo
CA, Jaipur
4272 Answers
97 Consultations

5.0 on 5.0

For AY 21-22 you can file updated return before 31st Mar 24 and for AY 22-23 before 31st Mar 25 under section 139(8A) of the income tax act.


But for AY 22-23 as your case is under scrutiny, will need to review your demand notice to provide you accurate advise and further course of action.


Hope this information was useful, if yes please rate us 5 and provide your valuable feedback.

Ankit Jain
CA, Jaipur
3 Answers

Not rated

Ask a Chartered Accountant

Get tax answers from top-rated CAs in 1 hour. It's quick, easy, and anonymous!
  Ask a CA