27 June 2013
I recently filed my IT returns for the AY 2013-14. I made a mistake by choosing a wrong ITR form. As per the new rules from IT department people who have tax exempt income of more than Rs.5000 should fill ITR 2 instead of ITR 1, but I filed my returns using ITR 1 form. I sent the ITR - V to the Income Tax Department - CPC and got an acknowledgement that my ITR - V is receieved.
Is this a big mistake? If yes, please help me to rectify this mistake.
27 June 2013
This is the mistake of department which has prescribed a criteria of exempt income below Rs. 5000/- for ITR-1. . From your side it is a small mistake and if pointed out later by the alert computers of CPC, it can be rectified. .
27 June 2013
Thank you sir. This means as of now I can take rest. If there is any discrepancy communicated to me by CPC then I will get the chance to rectify it. Am I right?
27 June 2013
I think you can file a revised return to avoid discrepancies at a future date. Though its a small mistake it wud b better if u rectify it at ur end since you are aware of the mistake
28 June 2013
As you said, it is a mistake. But, filed return form in ITR-1 will not become invalid by virtue of section 292B . CPC can treat that return as 'defective' and if so, cure the defect according to the direction of CPC.