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
ITR Processing Pending did not declare FD amount
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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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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.
File updated returns immediately. Don't ignore.
I recommend sit back and have some patience.
Is the FD interest listed in your 26AS/AIS statements?
If yes, add the amount and submit a revised ITR.
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.
Yes, but how much was your interest? in 2021 many received notice for FD interest
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.
I file revised return today amount credit in 2 hrs so they were holding my ITR to review and send notice ☺️
Yes... If the system clears it .. direct processing.. any discrepancy will go to CPC review queue
was the amt reflected in AIS/TIS
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.
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