D11: Income from house property exists but EMI interest on housing loan and principal repayment (80C) not supported by Form 16 / bank certificate
Action: This is not itself a defective return trigger, but a scrutiny risk. Keep bank certificate for housing loan interest (s.24(b)) and principal repayment (s.80C) on file. Report correct amounts — ITD will ask for evidence.
VERIFY: NOT a 139(9) defect — this is a scrutiny risk flag only. Include in tool as advisory, not as a defective notice predictor.
D12: Multiple bank accounts held but only primary account shown for refund; other accounts not disclosed in bank account schedule
Action: All bank accounts held during the year must be listed in Schedule Bank. Dormant/inactive accounts still need to be disclosed.
Statutory basis: CBDT ITR instructions — mandatory disclosure of all bank accounts; Rule 114B SFT reporting
URGENT — 15-day deadline: The assessee must respond to the defective return notice and re-file within 15 days of receiving the notice (s.139(9) proviso). CPC may grant extension on written request. If not rectified in time, the return is treated as if it was never filed.
Consequence: A return treated as not filed = as if no return was filed = same consequence as s.271F penalty (up to ₹5,000) and possible loss of carry-forward of losses.
VERIFY: s.87A rebate thresholds for AY 2026-27 under new regime — ₹60,000 rebate for taxable income ≤ ₹12L (gross; before special income at special rates) and under old regime ₹12,500 for income ≤ ₹5L. Confirm rebate is not available on special rate income (STCG 111A, LTCG 112A, lottery etc.) even if within the income ceiling.
