ITR Filing 2023: How to correct errors after filing income tax return
ITR filing 2023: In such cases, the government under section 139(5) of the Income Tax Act gives taxpayers a second chance to revise their income tax filing.
ITR filing 2023: Filing an income tax return requires careful attention as making an error can create problems, but what if your ITR is already filed and there are still errors that need to be fixed? In such cases, the government under section 139(5) of the Income Tax Act gives taxpayers a second chance to revise their income tax filing.
Who can file a revised ITR?
People who get the order or notice u/s 143(1) from Central Processing Unit (CPC) can apply for rectification requests on the e-Filing portal.
What all errors can be corrected by submitting a rectification request?
Taxpayers can submit a rectification request for errors in the processing of their income tax return by CPC. Only mistakes apparent from the record are considered for rectification, such as:
-Total Tax Liability
-Gross Total Income
-Total Deductions
- Personal Information
How to file revised return online: Step-by-step guide
Step 1: Visit the Income Tax e-Filing portal, ‘www.incometaxindiaefiling.gov.in’
Step 2: Log in to e-Filing portal and click ‘Login’.
Step 3: Click on the ‘e-file’ menu and click the ‘Income Tax Return’ link.
Step 4: On the Income Tax Return Page> Your PAN will be auto-populated > Select ‘Assessment Year’ > Select ‘ITR form Number Select ‘Filing Type’ as ‘Original/Revised Return’ > Select ‘Submission Mode’ as ‘Prepare and Submit Online’
Step 5: In the Online ITR Form under ‘General Information’ Tab, choose the ‘Return Filing Section’ as ‘Revised return under section 139(5)’ and ‘Return filing type’ as ‘Revised’.
Step 6: Enter the ‘Acknowledgement Number’ and ‘Date of filing’ of the original return filed.
Step 7: Correct the relevant details of the online ITR form and submit the ITR.
Step 8: e-Verify your revised return filed
Catch the latest stock market updates here. For more news on sports, politics follow Zee Business
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Latest SBI Senior Citizen FD Rates: How much senior citizens can get on investments of Rs 5,55,555, Rs 7,77,777, and Rs 9,99,999 in Amrit Vrishti, 1-, 3-, and 5-year FDs
Power of Rs 3,000 SIP: In how many years, Rs 3,000 monthly investment can generate corpuses of Rs 2 crore and Rs 3 crore? Know here
Small SIP, Big Impact: Rs 11,111 monthly investment for 15 years, Rs 22,222 for 10 years or Rs 33,333 for 7 years, which do you think works best?
07:22 PM IST