Filed Your Income Tax return and realised you made a mistake? Here's what to do

Income Tax return filing process requires lot of perfection and concentration, and hence chances of making mistake is highest. 

As the deadline to file ITR is just 10 days away, the taxpayers must have filed it by now. After you have submitted the form and later you realised there is a mistake, then do not panic. 

Once the income tax returns have been processed by the tax department, the taxpayer can make changes by filing a rectification request under Section 154(1).

Three of the common mistakes can be rectified by filing request under Section 154 (1). The following errors can be rectified by filing this request:

• Factual errors like incorrect gender
• Arithmetic mistakes in tax computation
• Additional details of capital gains not submitted

Another case could be what if you there is a change in taxable income. In such cases filing a rectification request will not be enough. 

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The income tax returns will have to be revised. For returns that have been e-filed online, a rectification request also has to be filed online by logging into the taxpayer’s account on the income tax department website.

According to Income Tax Department's official release, once the e-Filed returns are processed and the return is termed as defective, assesse is facilitated to submit the response against defective notice (u/s 139(9)) sent by CPC/AO. 

You must revise your return addressing the defects the Income Tax Department has pointed out within 15 days from the receipt of intimation.

You can seek an extension by writing to your local Assessing Officer, if you fail to revise your income tax return within 15 days.

Process

– Choose the Assessment Year and download the ITR Form the Income Tax Department website: https://incometaxindiaefiling.gov.in/e-Filing/

– On the income tax return, select the option “In response to a notice under Section 139(9) where the original return filed was a defective return.

– Enter the communication reference number, available on the notice, and acknowledgment number and date of filing original return.

– Complete the income tax return like you normally would

– Generate the XML File and upload it to the Income Tax Department website

–    Select “e-File in response to notice u/s 139(9)” under the “e-File” section and upload the rectified XML using the password mentioned in the notice.

–  A confirmation message with an acknowledgement number appears on the Department on successful upload.

ALSO READ: 

• ITR filing: 6 most common mistakes and their solutions
• Income Tax: Made mistake in filing ITR? You can rectify them with a request
• 7 most common Income Tax filing mistakes; here's how you can avoid them