I have filled ITR 3 days ago where in TIS the interest from Savings account showing 'x' amount but when I filled the ITR2 in other income schedule I find the savings account interest showing there 'y' ( y < x) and I still filled the ITR and pay the amount as tax on the basis of that 'y' extra amount on my income. Now what will happen in my case. Do I get a notice or get a penalty? What should I do now?
You will likely receive a notice for discrepancy. What is pre-filled, may not be correct, you need to file as per AIS/TIS, or as per your actual Bank data. You can’t go by whatever is pre-populated in the ITR form. What you should do now is, file Revised return. On the landing page itself, where it shows the last filed itr, it has “File Revised Return” link. Try that
Ohkay thanks so it was some pre-filled error right. I first thought they did some exemption on it but I think it was not the case in the new regime. Basically I have interest from 2 bank accounts but ITR pre filled data shows the amount which is equal to only one of that bank.
Yes, pre-filled data is wrong many times. Onus is on the submitter to verify and correct it as per actuals.
Hi, experts I was filing itr, so needed help, I started my job from May 2022, but before that I did an internship where I got salary credited to my account , it was around 1500 for one month (March) for this assessment year and also the...
Just want to get inputs from those who freelance along with being salaried. I am wondering how people do ITR filing when they’re directly receiving payment from their clients abroad (inward remittance) on their own name (no company creat...
I am working and filing ITR for the second time. This time I have claimed HRA (around 4L) against my mom. My mom is a housewife and she has no other income other than this rented income. Should I file ITR for Mom also? I am aware that he...
