08 September 2013
I am a self-employed senior citizen and conduct short technical training programmes.
I have filed my IT returns for AY 2013-14 on 27/07/2013 (within due date). I have now discovered that some deductions u/s 80TTA (interest on s/bank account) and u/s 10(35) (dividend from equity shares) have not been claimed, and also some income from FY 2013-14 included by mistake in calculations.
My gross income chargeable to IT is Rs. 5,00,000/- (approx.) and my return claims a refund of 2,200/-. My revised caculations result in a refund of Rs. 15,000/-, which is a significant amount.
Can any expert kindly advise me whether I can/should file a revised return u/s 139(5).