The right to file Revised Return

0
24
Revised
Revised

As per the data available on the Income Tax Department’s official website, more than 34 million taxpayers have file Income Tax Return for the Assessment Year 2018-19. This was the data of ITR filing till 31st July 2018. The above-mentioned data saw a massive blow, as the due date to file Income Tax Return extended from 31st July 2018 to 31st August 2018. The taxpayers got an extra month to file their Income Tax Return. The right to file Revised Return.

Filing Income Tax Return

If you are someone who his/her Income Tax Return on time, in order to avoid the hassle of last-minute filing. It so happened that you filed your ITR on time, but made some mistake, as you filed the ITR in a hurry. Now, you must be wondering how to rectify the mistake that you made. Well, you can rectify your mistake at the snap of fingers by filing a revised Income Tax Return.

Download Click Here and use our IOS App to file your Income Tax Return

A revised Income Tax Return can be filed under section 139(5) of the Income Tax Act. As soon as, you find an error in your Income Tax Return, you are allowed to file the revised Income Tax Return. A taxpayer can file reviseds Income Tax Return upto the end of the relevant Assessment year. In other words, ITR filed for Assessment Year 2018-19 can be revised till 31st March 2019, or before the assessment takes place, whichever is earlier.

How can a taxpayer file revise Income Tax Return?

Download Click Here and use our Android App to file Income Tax Return

A taxpayer can file reviseds Income Tax Return, in a similar manner the way he filed his original return. The revised return will carry the correct information, which was faulty in the original return. A revised return will contain the details like the filing date of original return as well as the acknowledgement number of the original return. The is no specific limitation on how many times a revised return should be filed.

All India ITR Login | Start Filing Income Tax Return

SHARE
Previous articleCheck Income Tax Refund status online
Next articleHow to Check ITR Status
All India ITR
All India ITR, one of India’s leading tax prep websites offering personal tax solutions focussing on income tax return filing through tech platforms, be it the web, Android or iOS, is dedicated to making tax returns as easy and convenient and yet as complete as possible. With value added services to help maximise tax savings and minimise tax outgo and tax investment advice the comparative advantage of specialization allows us to uniquely serve our clients. All India ITR is certified to conduct E-return intermediary services by the Income Tax Department of India.

LEAVE A REPLY

Please enter your comment!
Please enter your name here