Due to oversight, I forgot to report exempt income consisting of Dividend, interest on tax free bonds and long term capital gains on shares in the ITR form e-filing.Should I file revised return or not.
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Exempt income not reported in itr
Replies (3)
Better to be on safe side.than sorry. fill these three fir generate XML an uplad everify
Sleep peacfully
Yes you need to rectify by revising the return. Assuming the return is AY 2015-16. If it is AY 2014-15 then check whether the same is processed or not. If processed you cannot do anything but if it is not you can still file a revise return assuming original was filed within the due date
To be on safer side
you should disclose all the exempt income in itr.
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