While filing IT return for FY 2018-19 (AY 2019-20), I reported the percentage share of co-owners in a house incorrectly. Since the revised return can only be filed upto the end of AY, which is already over, how can I correct this mistake?
Error in reporting the percentage share of co-owners in house property
Sachendra Sinha
Taxpayer Seeks Fix for Incorrect Co-ownership Share in 2019-20 Return; Deadline Extended to September 30, 2020 An individual reported an incorrect percentage share of co-owners in a house while filing their income tax return for the fiscal year 2018-19 (assessment year 2019-20). They sought advice on correcting this error since the period for filing a revised return had ended. A respondent clarified that a revised return could be filed before the end of the assessment year or before the assessment's completion. The individual reiterated that the assessment year had concluded. Another response noted that the deadline for filing income tax returns for the assessment year 2019-20 had been extended to September 30, 2020, suggesting consulting a Chartered Accountant. (AI Summary)