LatestAccounting And Audit 12 September 2026
File Revised ITR for Missed Late Dividends
Taxpayers who received dividend payouts after the original filing deadline must submit a revised Income Tax Return to avoid penalties. The amendment should include the omitted dividend amount, and the revised return must be filed before the audit deadline of September 30. Failure to correct the omission can trigger a tax audit and potential interest charges on the unpaid tax.
If you missed reporting late dividend income, you need to file a revised ITR now. The revised return must capture the omitted dividend and be submitted before the audit deadline on September 30.
- Why revise? To correct tax liability and avoid audit triggers.
- When to act? Immediately, but no later than the September 30 audit cutoff.
- How to file? Use the same ITR form, select the revision option, and include the dividend details.
For full guidelines, see the original article on Financial Express.
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