Sr no 4 cannot be greater than 6i error in updated itr3 sec139 8a

ITR 788 views 1 replies

Sir i had filed my itr1 on 12/07/2023 my net income was 4.53 lacs after all deductions.. I also received refund of Rs. 25040. But i realised that i had not shown my intraday trading losses around 2.12 lacs . Hence I filed revised return on 31 dec 2023..but while filing this return I by mistakenly forgot to show my salary income and return got filed with only intraday loss of 2.12 lacs. I received demand due email of rs. 25040 under sec 143 1 from income tax. Now as the due date is over I decided to file updated itr3 under section 139(8a) . My income has not changed so net payable amount is showing as zero.. In fact it is still showing refund of rs 25040 Which I have already received. If I show this amount in refund amount received It is asking me to pay tax 25040 along with 25%addtional tax on 25040. Why I should pay tax when my income is below 5 lacs ..i only want to correct the wrong income shown in revised itr3...if i do not show refund amt then I get error sr no 4 cannot be greater then 6i  Kindly advise.. Thanks 

Replies (1)
Easy work has got complicated.

please meet a professional. that would be easier rather than explaining here.

25040 should be shown as self assessment tax or tds as the case may be.

feel free to pm if you need help in updating the return.


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