Revising ITR 1 with ITR 2

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  1. smallsaurabh

    smallsaurabh New Member


    This is regarding Financial Year ending 31-March-2014.

    I am salaried person. I have filed ITR1 on 25thJuly2014 Online,send signed Form, ITR submitted properly. Now return status is 'No Refund and No Tax to be Paid' as my employer has already deducted tax from salary.

    I sold one property(Residential Flat) in Feb 2014 and purchased another in March 2014. Per calculation,i have done Long term Capital Loss (i.e. should be carry forward to next year). I have missed to show these property transactions in my ITR1.

    Queries -
    1)can i file revised Income tax return?
    2)Which form should I use? ITR1 dont have sections to provide details on Long Term Capital Gain/Loss details.
    3)I have already filed ITR1 and processed, Can i file revised Income Tax Return using any other ITR form (say ITR2)?

    Many Thanks,
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, you can revise your return and mention the capital loss which is to be carried forward.
  3. Manoj Mehra

    Manoj Mehra Active Member

    You would be required to revise your return with ITR 2
  4. smallsaurabh

    smallsaurabh New Member

    Thank you Mr.Manoj for prompt help.
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