I have filed one income tax return. Got intimation order u/s 143(1) with refund. But subsequently I have found few errors while calculating LTCG / STCG. I want to file now revised returns wherein income is getting reduced and LTCG is getting higher. Generated json file. But on website there is no option available for revised return. There are only two options. Modified return u/s 92CD, updated 139(8A). Option for revised return is not seen. What to do? If I cannot file revised returns which section is applicable to me?
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INCOME TAX RETURN FOR AY 2022-23 TO BE REVISED
Replies (2)
If income is skipped and if liable to pay more tax....then file updated return with higher tax
Sir,
Thanks for prompt reply. No additional liablility at all. Refund amount has not changed. Only changes is in LTCG. Previously it was low. Now after revision it has increased. Due to wrong calculation / missing entries, there can be the problem in income tax department for not showing proper transactions. So need to know the section under which I can file the return. There are two similar option I can see. One is modified returns and second one is updated return. Am getting confused amongst it.
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