IF I FORGOT TO TAKE RS. 40 BANK INTEREST AMOUNT OF F.Y.2015-16 WHAT SHOULD I DO?
CAN I ADD THAT AMOUNT IN 2016-17 RETURN
4 Replies
G Vijaya Kumar
(Audit Assistant)
(556 Points)
Replied 07 March 2018
It's not compulsory to take because it's exemption up-to Rs. 10,000/- under section 80 TTA
Aashish Sachdeva
(839 Points)
Replied 07 March 2018
As per personal opinion, you can revise your return . or section 80TTA available in which you get 10000 rs of interest deduction available .
You not to have worry about that.
it is my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: it is not Professional Advice.
You not to have worry about that.
it is my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: it is not Professional Advice.
CA Gagan jain
(Professional)
(533 Points)
Replied 07 March 2018
Dear Sandip Ji
Interest on Saving A/c upto Rs 10000 is exempt from tax. Hence no need to worry about your unintentional mistake to not disclosing Rs 40 in your ITR.
I think you should not revise your return as Rs 40 is not a material amount.
Recent Topics
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
- Reporting in gstr9 of ITC of Previous year reverse
- Tax on Reimbursement of House Rent
Related Threads
CAclubindia
