Received a intimation SMS on 28March 2021 that Income Tax Department has identified high value information which does not appear to be in line with the income Tax Return files for Assessment Year 2020-21. Please revise ITR/Submit online response under e-Campaign tab on Compliance Portal.
After the deadline I checked on Compliance Portal and realized that i had under mentioned my Interest Income from savings account. So i confirmed on Compliance portal that the information is correct. This i did on 5th April.
I was informed that as the 31st march 2021 has expired now nothing much can be done and i have to wait for income tax notice.
Yesterday i read in newspaper that the deadline for filing income tax return has been extended till end of May.
Can something be done now or i should wait ?
Important inputs : Filed return for AY-2020-21 on 29/12/2020 (139(1)) ITR-1
Received intimation of ITR Processed 6th Jan 2021 u/s 143(1)
As per the 143 (1) net amount payable/refundable was zero
SMS Received : 28 March 2021 for compliance
Compliance portal response submitted : 5th April 2021