Income tax return: How to file revised ITR on-line. Step by step information

Income tax return (ITR) submitting: The due date for unaudited revenue tax return (ITR) submitting has handed and those that have filed their return have both acquired ITR refund or they’re ready for his or her ITR refund. However, whereas submitting one’s I-T return, we frequently commit some frequent errors like incorrect financial institution particulars, use of an incorrect ITR type, mismatch in Form 26AS and the ITR filed, and so on. To appropriate such errors a taxpayer can file a revised ITR by enhancing the error in a single’s ITR. They can do that on-line by lo0gging in on the revenue tax e-filing portal — https://www.incometax.gov.in/iec/foportal. Under Section 139 (5) of the revenue tax act, 1961, a taxpayer can revise one’s ITR and file a revised ITR by eradicating the error within the authentic return.

Speaking on the revised I-T return submitting, SEBI registered tax and funding skilled Jitendra Solanki stated, “Under Section 139(5) of the income tax act, 1961, a taxpayer is allowed to file a revised ITR and correct the information filled in the original return. One can revise one’s ITR even when the ITR has been filed after the due date i.e. 31st July 2022.” Solanki stated that one can file a revised ITR on-line by logging in on the revenue tax e-filing portal. He stated that one can file revised return prior to three months of completion of the evaluation yr i.e. one can file revised return until thirty first December 2022.

How to file revised return for AY 2022-23 on-line

As talked about above, one must login on the direct revenue tax e-filing portal — https://www.incometax.gov.in/iec/foportal and observe the step-by-step information given under:

1] Login on the e-filing web site of the revenue tax division — https://www.incometax.gov.in/iec/foportal;

2] Login with the User ID and password on the house web page;

3] After opening your account click on on ‘E-File’ and select ‘Income Tax Return’;

4] After opening of the revenue tax return web page, choose AY 2022-23 and ‘Online’ as ‘Select Mode Filing’;

5] Choose your choices you wish to appropriate;

6] Select one of many standing — particular person, HUF and others — relevant on you;

7] Select appropriate ITR type and proceed with the knowledge sought;

8] After filling the ITR type, you would need to e-verify your revised revenue tax return. A taxpayer also can confirm its return offline by sending the return to the Centralized Processing Centre of the Income Tax Department at Bengaluru via a velocity publish.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Subscribe to Mint Newsletters

* Enter a sound electronic mail

* Thank you for subscribing to our e-newsletter.

First article