Income tax itr urgent

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Dear All,

i was filled an ITR-1 for F.Y. 2010-11 in the month of jan for Rs. 173327/- which is a taxable income. But any how i uploaded the return without making any provision of tax u/s 80C...

however assessee is not having enough investment to reuce the tax.... shall i reduce the income? and make revised return for the same......

 

please advice.... urgently....

 

Replies (7)
Originally posted by : jyoti


Dear All,

i was filled an ITR-1 for F.Y. 2010-11 in the month of jan for Rs. 173327/- which is a taxable income. But any how i uploaded the return without making any provision of tax u/s 80C...

however assessee is not having enough investment to reuce the tax.... shall i reduce the income? and make revised return for the same......

 

please advice.... urgently....


 

You can revised the ITR 1 but already you have mentioned that, which is in yellow strip, however assessee is not having enough investment... then how should you showing more deductions in this return under this section. There is some other tax savings options. You can take benefit of it and revised the return to saving the tax.

Yes you can reduce income by claiming deduction u/s 80C if  invest is goig to reduce some tax liabilility otherwise need not to revise .

 

actually i have considered 180000 instead of 160000 and filled nil tax return...... now i can not change the income........ but can show investments under chapter VI-A.... right na

 

 

yes you can revise but chnce to face scutny for revise the same

 

Originally posted by : jyoti


yes u can revised but you require sufficient ans at scrutny 
 

A late return cannot be revised...............

late return cannot be revised........


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