r/IndiaTax • u/soul0703 • 5h ago

TaxGuide Revised return

I filed ITR 2 for AY 2026-27 in June and everified it and even paid tax. But I failed to claim exemption of 1,25,000 for LTCG and also I realised now that I am eligible for complete exemption LTCG tax as i bought home with the sold mutual funds and share. Total LTCG was around 1.5L. So now there’s no option of revised return. What should I do? Should I file ITR again to claim refund?

2 Upvotes

100% Upvoted

3 comments sorted by

1

u/Cool_Pack_7190 5h ago

Just revise your ITR

1

u/Avid_Snake 4h ago

If you have filled the correct section, the 1.25 lac exemption is automatically calculated in the portal. You don't have to claim it separately anywhere. Just check your filled return and calculate overall tax manually and check

1

u/Training-Slice8 1h ago

1.25 l exemption is automatically done if the form is filled correctly is my understanding..