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Filing Your Revised Tax Return, Step by Step Instructions

The I-T department allows taxpayers to submit a revised ITR in order to amend any mistakes they made on their original return. Section 139(5) of the 1961 Income-Tax Act provides for this. 

On March 31, 2022, the deadline for filing a revised income tax return (ITR) has passed. When we file our ITRs, we are prone to making inconsequential errors. Even the tiniest of errors may have a major impact on tax deductions. As a result, the I-T department provides taxpayers with the opportunity to make necessary corrections and submit a new ITR. Section 139(5) of the 1961 Income-Tax Act provides for this. 

However, it should be emphasized that the original return’s information must be included in the updated ITR as well. 

To File a Revised ITR Step-by-Step Guide 

  1. Go to incometaxindia.gov.in/Pages/default.aspx 
  2. Using your PAN number and Captcha, log in to your account.. 
  3. Select ‘Income Tax Return’ from the ‘e-Filing’ drop-down menu. 
  4. Select ‘Revised’ as the ‘Filing Type’ on the next screen after selecting the Assessment Year and ITR Form number. 
  5. Select the option to ‘Prepare and Submit Online’. 
  6. Now select return filing section’ from the ‘General Information’ menu. 
  7. Select “revised return” from the “return filing” menu, and then select “revised” from the “return filing” menu. 
  8. Enter the filing date and the acknowledgment number here (Original). 
  9. Click the ‘Submit’ button after filling in the information. 
  10. You may now continue after e-verifying the refunds.


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Varsha

I Varsha Chhirolya having an experience in digital marketing of 5 years, I am an account manager in CREATIVE Ad Agency.

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