E-Campaign High Value Transactions
This query is : Resolved
Quick Summary
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.
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.
CA R SEETHARAMAN
(Expert)
29 March 2021
Yes, file revised return before 31st March 2021. Only 2 days left. Savings bank interest will not reflect in 26 AS.
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29 March 2021
Thank you sir one more query ? Can we revised even if ITR processed ?
CA R SEETHARAMAN
(Expert)
29 March 2021
Yes, you can revise even processed
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CA Rashmi Gandhi
(Expert)
29 March 2021
You have to revise your ITR declaring saving bank Interest.
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