Itr form
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2011
I filed form 2 instead of form 4 what are the consequences?
CA PARAS BAFNA
(Expert)
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.
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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