Revised Tax return - Does it increase the chance of scrutiny
This query is : Resolved
18 August 2010
I e-Filed my tax return last month and have a tax refund due of around Rs. 75,000/-.
Later on I found that Interest income from bank deposits (and the related TDS) was missing in the original return.
When I revised my calculation by including the Interest income, the tax refund comes down by around Rs. 900/- (i.e. due Rs. 74,000 refund).
I wanted to check if there is any issue filing a revised return and if theres any increased possibility of a scrutiny by the ITO.
Later on I found that Interest income from bank deposits (and the related TDS) was missing in the original return.
When I revised my calculation by including the Interest income, the tax refund comes down by around Rs. 900/- (i.e. due Rs. 74,000 refund).
I wanted to check if there is any issue filing a revised return and if theres any increased possibility of a scrutiny by the ITO.
18 August 2010
In the case of revised returns, the possibility of Scrutiny cannot be ruled out.Chances are more.
18 August 2010
Will the amount of refund also increase the chance of a scrutiny? (I mean even without a revised return filed)
19 August 2010
NO
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