Filing your income tax return can be confusing, especially when it comes to choosing the right form. If you select the wrong ITR form, such as picking ITR-1 instead of ITR-3, your return may be considered defective. The tax department could ask you to correct this mistake, and if not fixed, your return might even get canceled. Sometimes, the error might not be flagged immediately, but it can still lead to processing delays or issues with refunds and future assessments.
Absolutely. If you realize you made a mistake after submitting your return, you have the option to file a revised return. This allows you to correct details like income, deductions, or even the form type, as long as you act within the allowed timeframe.
How Many Times Can You Revise Your Return?
There is no set limit on how many times you can revise your return. You can make changes as often as needed, provided you do so before the deadline. Each new submission replaces the previous one.
Deadline for Revising Your Return
For the current assessment year, you have until the end of December to make corrections or switch to the correct ITR form. The government may extend this deadline, so it’s wise to check for any updates.
Steps to File a Revised Return
- Log in to the Income Tax e-filing portal.
- Choose the option to file a revised return.
- Enter the acknowledgement number and date of your original return.
- Fill out the correct ITR form with updated information.
- Submit and validate your revised return.
Mistakes in tax filing are common, but the law gives you the chance to fix them. Take care to review every detail before submitting each revised return. Making sure your information is accurate and complete will help you avoid unnecessary trouble later.
