Ready recknor rate or valuation report by valuer

*Valuation report For calculation of cost of acquisition.

Your CA is right & is well informed with amendment.

Don't react under the pressure of greed, otherwise you will be in trouble.

Apart from interest, how much of penalty i need to pay If i use Fair market rate ??

Originally posted by : Dhirajlal Rambhia
	Your CA is right & is well informed with amendment. Don't react under the pressure of greed, otherwise you will be in trouble.

Can I correct it by filing revised return ? Earlier I had used fair market rate . Can I revise it using RR rate under geniune omissions error ?

Yes, you can revise it  if for AY 2022-23, till 31.12.2022, there want be any penalty.

If earlier two AYs, you can update it, with some penalty & interest.

Originally posted by : Dhirajlal Rambhia
	Yes, you can revise it  if for AY 2022-23, till 31.12.2022, there want be any penalty. If earlier two AYs, you can update it, with some penalty & interest.

But interest under 234B and 234C will be applicable right ? 

Originally posted by : Dhirajlal Rambhia
	Yes, you can revise it  if for AY 2022-23, till 31.12.2022, there want be any penalty. If earlier two AYs, you can update it, with some penalty & interest.

Also are you sure there won't be any penalty. I read penalty upto 50-200 percent is applicable. Correct me if I am wrong