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Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2011 I filed form 2 instead of form 4 what are the consequences?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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30 July 2011 It is important to file the return in prescribed form.

But so for filing return is concerned-
It is more important to file a return.

Once you have filed the return in Form 2,
it means you have completed the obligation.

The law of revised return states that for any wrong statement return can be revised U/s 139(5).

If you feel that some thing wrong has been stated in ITR 2 while stating about the source of income, you can revise it.

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