I have following queries:
1) I am a salaried employee(since 2005) and have home loan(since 2007). Last year I(as per the advise of my tax consultant) filed ITR-1. But I think I should have filed ITR-2.
2) From last year, my wife started to do stock trading(not intraday) and also taking tuitions. Last year she(as per the advise of our tax consultant) filed ITR-2. But I think she should have filed ITR-4.
So what corrections we can do for last year wrongly filed ITR form. Can we RE-SUBMIT the income tax return for last years in correct ITR FORM now? Please let us what we should do now.
Yes you can file REVISED returns.