ITR 1 & ITR 2

Dear Experts,

We all well aware that the last date of filing revised return for the AY 21-22 is 31.03.22.  However, is there any special chance now to revise the ITR 1 & 2  alreay filed.

Please reply.

 

 

Replies (4)
Quick Summary
The deadline for filing a revised return for Assessment Year 21-22 has passed, meaning you generally cannot revise ITR 1 or ITR 2 filed previously. While direct revision might not be possible, visiting your Income Tax Officer (ITO) could be an option. The discussion also clarifies that ITR 1 is for individuals with simpler income sources, excluding winnings from lotteries or gambling, and limited to one house property. ITR 2 is for those with more complex income, including from multiple properties, capital gains, brought forward losses, or income from other sources like lotteries and gambling.

No you can't do it now.

No Revision of Return for A Y 2021-22 allowed now.

You may do it by visiting ITO.

Under Form ITR-1, the individual is not earning an income from through activities like the lottery, gambling etc. On the other hand, in ITR-2, the individual earns through activities like a lottery, gambling etc. The individual earns from 1 house property only. 

You earn income from more than one Property. You have any brought forward losses. You earn an income from Other Sources (including income from lotteries, racehorses, gambling, etc.) You've earned an income through Capital Gains.

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