E-Campaign High Value Transactions


This query is : Resolved 

Quick Summary
If you've received an e-Campaign notice regarding high-value transactions, particularly undeclared savings bank interest, you may need to revise your Income Tax Return (ITR). Even if your ITR has already been processed, you can still file a revised return. It's important to declare this interest, as it often doesn't appear on your Form 26AS. Ensure you resubmit your ITR before the relevant deadline, which in this case was 31st March 2021.

29 March 2021 I have filed income tax ITR 02 for Ay 2020-21. My Income tax got successfully processed on 1 Jan 2021.
Yesterday I got the  notification from income tax regarding  e-Campaign High Value Transactions for Rs 77000.In this  notification they have mentioned 3 transactions related to "Interest paid by bank for saving account ". I have not declared this amount during ITR as this amount was not showing in 26-AS form.
Shall I need to resubmit ITR 2 for Ay 2020-21.

29 March 2021 Yes, file revised return before 31st March 2021. Only 2 days left. Savings bank interest will not reflect in 26 AS.

29 March 2021 Thank you sir one more query ? Can we revised even if ITR processed ?

29 March 2021 Yes, you can revise even processed

29 March 2021 Thank you sir for great help.

29 March 2021 You have to revise your ITR declaring saving bank Interest.


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