Revised ITR Filing: If any mistake has been made while filing income tax return, then you can correct it through revised return. Let’s know about this.
The process of filing ITR for the financial year 2023-24 and assessment year 2024-25 has started. Its deadline is ending on 31 July 2024. After this, you will have to pay a penalty for filing the return. You should take special care while filing income tax return, but sometimes people make some mistakes while filing the return. In such a situation, the biggest question arises whether those mistakes can be corrected. How can these mistakes be corrected.
Revised return can be claimed even after receiving processing refund
Under Section 139 (5) of the Income Tax Act, 1965, taxpayers get the facility to correct the mistakes made while filing revised income tax returns. With this, if the taxpayer makes any kind of mistake while filing ITR, then in such a situation he can correct those mistakes. Keep in mind that the last date for filing ITR without late fees for the financial year 2023-24 and assessment year 2024-25 is 31 July 2024.
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How many times can ITR be filed
According to the rules of the Income Tax Department, any taxpayer can file income tax return as many times as he wants within the prescribed limit. No limit has been set for this, but you will have to provide complete information while filing revised ITR. If you do not verify the information after filing revised ITR, then the Income Tax Department will not accept it. This ITR will become invalid after the prescribed limit. In such a situation, after filing revised ITR, do verify it.
In this way you can file revised return-
1. To file revised income tax return, first click on the income tax department’s e-filing portal www.incometaxindiaefiling.gov.in/home .
2. Login to the e-filing portal by entering your PAN number, password, captcha code.
3. Next, click on the e-file menu and click on the income tax return link.
4. Next, a page will open in front of you in which your PAN number will be filled.
5. Select the assessment year and ITR form type in it.
6. Now choose the type of filing you are doing, such as original/revised return.
7. Next, click on the option of Prepare and Submit Online.
8. After this, in the online ITR form, select the option of Revised Return under Section 139(5) in the Return Filing Section and Revised in the Return Filing Type.
9. Then finally fill in the Acknowledge Number and the date of filing the ITR.
10. After this, fill all the details and correct the mistakes and submit this ITR form.
How to check return status
You can easily check whether your revised income tax return has been filed correctly or not. For this, you have to click on the official website of the Income Tax Department https://www.incometax.gov.in/iec/foportal /. Next, go to the My Account menu and click on the option of View e-Filed Returns/Forms. Next, select the option of Rectification Status. After this, the complete status of the return will open in front of you in a few minutes.Â
