WRONG ITR FORM
This query is : Resolved
07 September 2009
Sir
For A Y 2008-09 Mr X having salary income of Rs 600,000 and loss from house property due to interest on self occupied house loan of Rs 50,000 thus net income of 550,000 file form no 1 insteasd of form no 2, since form no 1 does not show the details of loss / income from house property the ITO demanded tax on amount of interest on self occupied house loan of Rs 50,000.
what should be done, should Mr X go for rectification u/s. 154 or file the revised return (the itr was filed on 31.7.2008 i.e. on due date)
pl reply quickly
Regards
For A Y 2008-09 Mr X having salary income of Rs 600,000 and loss from house property due to interest on self occupied house loan of Rs 50,000 thus net income of 550,000 file form no 1 insteasd of form no 2, since form no 1 does not show the details of loss / income from house property the ITO demanded tax on amount of interest on self occupied house loan of Rs 50,000.
what should be done, should Mr X go for rectification u/s. 154 or file the revised return (the itr was filed on 31.7.2008 i.e. on due date)
pl reply quickly
Regards
07 September 2009
YOU CAN FILE REVISE RETURN...
07 September 2009
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