Answer

1. F

   Facts

   You cannot edit a submitted response, but you can file a further response correcting it. It is better to correct an error yourself before the officer relies on it.

2. P

   Provisions and law

   • Sec 142(1) (now Sec 268(1))Officer can call for a return, accounts, documents or information before making an assessment
   • Sec 270A (now Sec 439)Penalty for under-reporting or misreporting income
3. A

   Analysis

   File a short further reply: 'In our reply dated 12 October 2026, the interest income was stated as ₹82,000 in error; the correct figure is ₹1,02,000 as per the attached certificate.' Correcting voluntarily helps show there was no intention to misreport. If the correction increases income, pay the extra tax with interest and attach the challan. Waiting for the officer to spot the error is the worse option.

4. C

   Conclusion

   1. 1Identify the wrong figure and the correct one with proof
   2. 2File a further reply referencing the earlier date
   3. 3Pay any extra tax and interest and attach the challan
   4. 4Keep a note of all replies and dates

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.