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