What should I do if my CA misrepresented income in ITR?
My CA has shown the wrong source of income in ITR filings for the last 5 years due to a misunderstanding between us. What should I do? Is there any potential problem in the future?
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Advocate By LEAD INDIA
Answered: 23 Jan 2025
Sir, to fix this, ask your CA to file corrected ITRs for the past 5 years. It’s a good idea to talk to a tax lawyer to guide you through the process. You might need to pay any extra tax, penalties, or interest. Be honest with the tax authorities about the mistake. Going forward, double-check your ITRs to make sure everything is accurate and avoid any future issues. For further legal assistance contact us on our helpline number.
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