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Income tax wrong filing

ITR Filing 787 views 2 replies

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

Replies (2)

Dear Sriram,

You may file Online a Revised Return mentioning u/s 139(5).

belated return can not revise

but you can file a revised return I think dept. will accept you revised return


CCI Pro

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