Rectify investment declaration

Save Share

This query is : Resolved

Quick Summary

If you've submitted incorrect HRA proofs for your company's investment declaration and the portal is closed, you have options to rectify it. You can either submit the correct documents to your company and request a revised TDS return, or you can file your Income Tax Return (ITR) claiming the correct HRA exemption. While you can revise a lower HRA exemption, you cannot increase a higher one.

Divyanshu Singh

Divyanshu Singh (Querist)
Follow

02 February 2022 So My company asked for investment proof submission for FY 2021-22. And I submitted wrong HRA proofs (incorrect receipts & rent agreement). Now the portal is closed for any modification. And I must change it. What can I do? Can I just file revised return at the time of ITR filing?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

02 February 2022 Yes, you can revise lower HRA exemption not higher one

Message likes : 1 times

Divyanshu Singh

Divyanshu Singh (Querist)
Follow

03 February 2022 Thanks for answering my query. Just to be sure will I be:
i)required to submit any extra form, or
ii) furnish updated rent agreement or
iii) I can simply just update it at the time of filing
?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

03 February 2022 First option
Submit right documents to the company and ask them to revise TDS return.
Second option
File ITR with right HRA claim.

Choose any one.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now