I am a Sr. Citizen.
I need to revise FY 2018 19 return to include F&O losses. I had already filled ITR1 form and is processed.
My FnO losses are to the tune of 1.12 lacs so I shall require Tax audit.
Can I revise ITR1 filled previously to ITR 3 with Tax Audit? What is the revised due date for the same? Shall I be levied any penalty?
I have paid 30k taxes already so if I revise to ITR3 and show losses, can I offset the losses against FD interest income and claim refund of already paid tax in previous year?
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