Unfortunately, the client(Salaried employee) has declared a excess amount of Rs. 25,000 under section 80C and the same has reflected in the form 16 part B.
Now while filing income tax and filling up ITR -1, can we reduce the deductions and file the same?
would there be any future consequences because of this ?
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Excess deduction wrongly declared
Replies (2)
better to revise the TDS return
You can change in ITR and pay the difference amount of tax payable.
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