Interest on fixed deposit skipped while filing return - reg.

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2018 Sir,

I retired from my employment in May 2016 and while filing the return - ITR 1 for the Asst. year 2017 - 18, all my
retirement benefits have been included and I have paid the due tax and filed my return well within the time limit.

Now, I have 2 issues.

One is that, I have not claimed the rebate on LIC premium paid by me during the year 2016 - 17.

Another one is, that a total amount of interest of Rs. 66,000/- credited to me by my banker in the year 2016 - 17 towards my various fixed deposits has been omitted from my income mentioned in - ITR 1..( There is no TDS deduction on the FD interest )

Can I file a revised return now, altering my income to include the FD interest and simultaneously, claim rebate on my LIC payments and FD investment ? What is the maximum limit for me to avail the rebate for the said financial year.?

Please guide me.

How shall I go about.

02 March 2018 You can file a revised return to claim the benefit of insurance premium and to report the FD interest



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