ITR2 Filing

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This discussion addresses a user's query about filing ITR2 for vested RSUs received in 2016 and vested in 2019, which were mistakenly omitted from their AY2019-20 ITR1 filing. The advice suggests revising the AY2019-20 ITR2 to declare the foreign assets if their value is significant. Alternatively, if the value is immaterial, it can be declared in the current year's ITR2. The user also inquired about revising a processed return.

Ritesh

Ritesh (Querist)
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21 July 2020 I got RSU(Stock) in 2016(March) from my company that shares got Vested in 2019(Feb). I haven't sold that share yet. As per my understanding I should filled ITR 2 for last year (AY2019-20) and need to delclared Vested shared information in foreign Assert sectiin. But that time i haven't much Idea so I filled ITR1 and not declared the that in foreign Assert.

Shall I need to filled revised ITR2 from for AY 2019-20 with mentioning foreign Assert or U can show that in this year ITR2 ?

CA Ankith Jain

CA Ankith Jain (Expert)
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25 July 2020 Its better to revise the ITR, if the value is significant and if the same is immaterial, then u can report from this year. For any queries, you could mail to caankithjain@gmail.com

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Ritesh

Ritesh (Querist)
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27 July 2020 Hello Sir, Thank you for your reply.
My Last year ITR got proceed , still Can I filled revised ITR ?

Ritesh

Ritesh (Querist)
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27 July 2020 Hello Sir, Thank you for your reply.
My Last year ITR got proceed , still Can I filled revised ITR ?

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