Never filed it return

Page no : 2

Anjali Agrawal (Student) (67 Points)
Replied 04 October 2015

Today i have filed itr 4s for 2013-14, 2014-15 but i have made a mistake i purchased the house during 2014-15 but in itr 4s column-B3 of year2013-14 i have selected house property income as "self occupied" but in 2013-14 i didnt have any house as i have purchased it in 2014-15 by mistake i selected self occupied option and submitted the return.....is it a minor mistake??? will there be any difficulty in future??

Miss Rinkal (Student) (1304 Points)
Replied 05 October 2015

You mean to say financial year or assessment year.

And definitely it's a mistake which needs to be rectified

Kindly clarify whether its fy or ay

Anjali Agrawal (Student) (67 Points)
Replied 05 October 2015

Its fy....now what to do...in rectification option there is no option to rectify this mistake only bank, address details cab be rectified in that option

Miss Rinkal (Student) (1304 Points)
Replied 05 October 2015

You need to file a rectification request u/s 154 as it is a belated return and return cannot be revised.

1 Like

Anjali Agrawal (Student) (67 Points)
Replied 05 October 2015

Thanks.................

Shubham Bansal (Student CA) (62 Points)
Replied 08 October 2015

@ anjali

Don't panic.

The house property purchased will not create any tax panelty as it is from savings from income earned before previous 3 years which are below tax limits.

So, just show as nil income (self occupied) in income from house property.