13 July 2014
if a person does not show interes earned on his saving bank account and after few years he is willing to disclose such income in order to claim deduction u/s 80TTA then how can he show this income in his return of income.kindly suggest.
13 July 2014
What is the use of showing it after few years. In any way its exempted upto Rs 10000/-. If revised return is possible only then it is possible to disclose.
As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier. For Example: return of A.Y 2012-13 can be revised till 31st March 2014 or before the completion of the assessment whichever is earlier.