ITR Filing: Know how many times you can file revised ITR

Revised ITR Filing: If any mistake has been made whereas submitting earnings tax return, then you can appropriate it via revised return. Let’s find out about this.

The strategy of submitting ITR for the monetary 12 months 2023-24 and evaluation 12 months 2024-25 has began. Its deadline is ending on 31 July 2024. After this, you must pay a penalty for submitting the return. You ought to take particular care whereas submitting earnings tax return, however generally individuals make some errors whereas submitting the return. In such a state of affairs, the most important query arises whether or not these errors can be corrected. How can these errors be corrected.

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Revised return can be claimed even after receiving processing refund

Under Section 139 (5) of the Income Tax Act, 1965, taxpayers get the ability to appropriate the errors made whereas submitting revised earnings tax returns. With this, if the taxpayer makes any type of mistake whereas submitting ITR, then in such a state of affairs he can appropriate these errors. Keep in thoughts that the final date for submitting ITR with out late charges for the monetary 12 months 2023-24 and evaluation 12 months 2024-25 is 31 July 2024.

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How many times can ITR be filed

According to the principles of the Income Tax Department, any taxpayer can file earnings tax return as many times as he desires throughout the prescribed restrict. No restrict has been set for this, however you must present full info whereas submitting revised ITR. If you don’t confirm the knowledge after submitting revised ITR, then the Income Tax Department is not going to settle for it. This ITR will turn into invalid after the prescribed restrict. In such a state of affairs, after submitting revised ITR, do confirm it.

In this manner you can file revised return-

1.To file revised earnings tax return, first click on on the earnings tax division’s e-filing portalwww.incometaxindiaefiling.gov.in/residence .
2.Login to the e-filing portal by getting into your PAN quantity, password, captcha code.
3.Next, click on on the e-file menu and click on on the earnings tax return hyperlink.
4.Next, a web page will open in entrance of you by which your PAN quantity will probably be stuffed.
5.Select the evaluation 12 months and ITR type sort in it.
6.Now select the kind of submitting you are doing, akin to authentic/revised return.
7.Next, click on on the choice of Prepare and Submit Online.
8.After this, within the on-line ITR type, choose the choice of Revised Return underneath Section 139(5) within the Return Filing Section and Revised within the Return Filing Type.
9.Then lastly fill within the Acknowledge Number and the date of submitting the ITR.
10.After this, fill all the small print and proper the errors and submit this ITR type.

How to test return standing

You can simply test whether or not your revised earnings tax return has been filed appropriately or not. For this, you should click on on the official web site of the Income Tax Departmenthttps://www.incometax.gov.in/iec/foportal/. Next, go to the My Account menu and click on on the choice of View e-Filed Returns/Forms. Next, choose the choice of Rectification Status. After this, the whole standing of the return will open in entrance of you in a couple of minutes.

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