Revised ITR Filing: If you have submitted the ITR form by mistake, then know how many times you can revise ITR..
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 fine for filing the return. You should take special care while filing an income tax return, but many times 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 returns can be claimed even after getting a processing refund.
Under section 139 (5) of the Income Tax Department 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 an 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.
How many times can ITR be filed?
According to the rules of the Income Tax Department, any taxpayer can file an 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 give complete information while filing the revised ITR. If you do not verify the information after filing the 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 the revised ITR, verify it.
This is how you can file a revised return-
1. To file a revised income tax return, first of all, click on the e-filing portal of the Income Tax Department www.incometaxindiaefiling.gov.in/home.
2. Next, log in to the e-filing portal by entering your PAN number, password, and captcha code.
3. Next, click on the e-file menu and click on the link for the income tax return.
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 select 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 in all the details correct the mistake, and submit this ITR form.
Check the status of the return like this.
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 menu of My Account 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.
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