What happens if I modify income on interest?
So I'm new to the ITR filing process and this is the first time I'm falling into the taxable income slab. Ideally I shouldn't have but turns out my dad had done some FDs on my PAN. So the interest on income is making me go above the safe limit and there's just enormous tax which I hadn't planned for. My question is if I modify the interest by tens of thousands, will I be penalized in any way? What will be the repercussions?
u/olafOutLoud — 8 days ago