If you've discovered a minor error in your Income Tax Return (ITR), such as reporting Rs 50 less in Capital Gains, you might be wondering whether to file a revised return immediately or wait for the Assessment Order. The general advice is that for such small discrepancies, it's often not necessary to revise the return unless the Central Processing Cell (CPC) raises a query.
25 July 2023
After filing my ITR online, I noticed that I have reported Rs 50.00 (Fifty only) less in CG. Is it advisable to file a Revised Return Or should I wait for Assessment Order?