My friend was diagnosed with some neurological disorder last year. In FY 21-22, he invested in the US stocks through indmoney. When the time for the ITR filing came last year, his parents gave their accountant all the relevant documents. He filed my friend's return under ITR-2, as there were some short term capital gains from Indian mutual funds, and the total tax liability was zero. His only source of income is interest income as he is not able to work anymore due to his health conditions. Anyways the accountant did not file the FA schedule and didn't show the dividends received from US stocks, which is around Rs. 1000. The return was processed later on. This year we have read about the compliance's and have found that it is necessary to mention the FA in the ITR. Can this return be revised under ITR U or under any other way? If not then should my friend's family contact the department themselves and apologize for this mistake in advance themselves? Please help.
CAclubindia
