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.?