Hi friends,
I have uploaded today a belated return stating as loss for an individual (Profession). Actually, it was income below the exemption limit and same i have told has loss mistakenly.
TDS was actually deducted for which i was about to claim refund for the income below exemption limit (Salary).
Since i have reported in return as loss which is wrong, will there be any consequence as to not getting the refund or adverse other than this...?
I'm waiting for your advice.
Regards,
Sriram
CAclubindia
