Consequences for filing return under itr1 instead of itr2

ITR Filing 179 views 2 replies

Dear Experts

I have salary income and also had short term capital losses during AY 2017-18. During previous two assesment years I had filed ITR2 shown short term capital losses in both the years, but in AY 2017-18 due to last minute rush I had to file ITR1 shwoing only salary income and ignored Short Term Capital losses. My worry is now what will be the consequences for filing wrong form ITR1 and ignoring capital losses.

Is this possible toI file the revised return in using ITR2 and reporting capital losses?

Appriciate your advices. Thank you

 

Replies (2)

Yes, you can revise the return and use ITR-2.

If You want carry forward short term capital loss than file Revised return in form ITR 2.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details