ITR Processing Pending did not declare FD amount

142°
Deal Cadet
Imperial_Penny

I did not declare 8k FD interest amount maybe that was the reason my ITR is not processed since Jun 20. When I get notice can I declare it with revised ITR will they be any penalty?

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Post Tycoon Post Tycoon
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Same thing happened two years ago.. where i have missed including interest from bank.. my itr was processed successfully in November.

BUT on march 29th i got email about missing income.. i had to file revised itr immediately with lot of different categories of penalties (234 a b and c)

I will strictly suggest you to revise your itr immediately.

Income tax systems are currently lot more advanced than you think.

Hunk Hunk
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Exactly... Even if it doesn't catch now it will be noticed later... One of my friends too had a refund and got notice saying adjustment against previous FY demand even though previous FY ITR was processed successfully

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dont over think about it, ITR can take upto 6 months to process, and i dont think anyone is coming after you for a non declared 8k fd

Deal Cadet Deal Cadet
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LOL I know right Income tax acting like as if I am holding there hard earned money.
Finance Mentor Finance Mentor
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You don't need to declare your invested amount in an fd. They already know that.

Only the interest earned needs to declared.

Since the amount earned as interest will only be a few hundreds, you can rest easy.

If you still get a notice, you can just refile itr. But There will be some penalties.

Deal Cadet Deal Cadet
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Interest is 8K

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Deal Cadet Deal Cadet
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Interest is 8K

Commentator Commentator
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File updated returns immediately. Don't ignore.

Deal Cadet Deal Cadet
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I have time till 31 Dec so will wait till Sep
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Deal Lieutenant Deal Lieutenant
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I recommend sit back and have some patience.

Deal Cadet Deal Cadet
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Yes I will face it whatever it is. I did not steal their money
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Deal Cadet Deal Cadet
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Is the FD interest listed in your 26AS/AIS statements?

If yes, add the amount and submit a revised ITR.

Deal Cadet Deal Cadet
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It is there in AIS
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Post Tycoon Post Tycoon
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Same thing happened two years ago.. where i have missed including interest from bank.. my itr was processed successfully in November.

BUT on march 29th i got email about missing income.. i had to file revised itr immediately with lot of different categories of penalties (234 a b and c)

I will strictly suggest you to revise your itr immediately.

Income tax systems are currently lot more advanced than you think.

Deal Cadet Deal Cadet
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Yes, but how much was your interest? in 2021 many received notice for FD interest

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Deal Cadet Deal Cadet
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I filed revised return cuz I filed return on 14 Jun it has still not been processed. After revised return I get Rs 160 instead of 2k.

Deal Cadet Deal Cadet
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I file revised return today amount credit in 2 hrs so they were holding my ITR to review and send notice ☺️

Hunk Hunk
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Yes... If the system clears it .. direct processing.. any discrepancy will go to CPC review queue

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Benevolent Benevolent
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was the amt reflected in AIS/TIS

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