Wrong ITR filed

 i have filed return of an salaried employee having housing loan and taken deduction in respect of interest paid on such loan in itr 1 instead of itr 2 and i caannot even fill revised return as the original return was filed after due date nad now i came to know from income tax site that itr 2 is applicable in such case NOW WHAT IS THE SOLUTION /CONSEQUENCES OF THIS ACTION

Replies (10)

vinni there are no problem ITR-1 can also be filled for income from Salary,HP,other sources....your return is valid

agreee with above

but  at https://incometaxindiaefiling.gov.in/portal/faq_form.do#EQF47 ques 42 it has been specified that in such case itr 2 is applicable then too is it correct

In case there is more than 1 HP, ITR 2 is applicable for salaried assessee.

Your case will not face any hassle.

It didn't make to much difference,,,,,,,,,,,,,,,,,,,,,,,,

 

there is no consiquences for this mistake

dont worry there wont be any problem

No Problem in it.....dont worry...Vinni

Its ok vinni there will not b any penal consequences for this.

if your form 16 had the interest on housing loan element in it, then even ITR 1 is sufficient, else as you said, ITR 2 will be applicable. as far as the mistake is concerned, it does not make much of a difference, as there is no wrong information conveyed...just keep your interest certificate safely as it miiiiiight be asked in future for verification....but it is very rare..ie, 99% no chance. so dont worry

Dera Team,

I have one Housing Property and am a salaried employee and i have filled only ITR 1 in which i have claimed deduction of

Housing Loan-

Principal Amt (80C)-

Interest Amount- Section 24- from House Property- 

 

Is it okay?

 

Pls guide!!

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