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.