2024-08-01 09:18:07
New Delhi: It is important to take the information before filing Income Tax Return (ITR). Today, most of the salaried class people file ITR themselves. From time to time, information comes from the Income Tax Department that before filing the return, check Form 16, Form 26AS, AIS etc. thoroughly. File the return only after this. Even after a lot of precautions, mistakes are made many times. In such a situation, a notice from the Income Tax Department comes. This notice usually comes within a month of filing ITR. By then, many times the date for filing the return has passed. If the same has happened with you, then do not worry. You file a revised return. The last date for filing ITR and filing revised ITR is different. This time the last date for filing ITR is 31 July. At the same time, the last date for filing revised return is 31 December. In such a situation, first of all do not worry about whether the date for filing the return has passed or is coming closer. You can file revised return till 31 December. Whenever we file a return, it is checked. If everything is correct then the process is completed.
Before filing income tax return, check AIS, if any mistake is found then you will get a notice, know what is the method
notice is sent
Many mistakes are made while filing returns. Such as entering the bank account number incorrectly, claiming improper deductions or declaring interest income incorrectly, etc. When this thing is detected after checking the return filed by you, a notice is sent regarding this. It comes on the registered email. It is written in it that where and what is the mistake in the return that has been filed. After this, the return has to be filed again with complete and correct information. This is called revised return.
There are no late fees or fines
The last date for filing revised return is 31 December. You can file revised return any number of times till 31 December. Remember that you will have to provide detailed details of the original ITR every time you file a revised return. There is no late fee or penalty for filing revised return. Keep in mind here that if you yourself have discovered the mistake after filing the return, you can file revised return even before the notice of the Income Tax Department.
Who can file revised return
Under Section 139(5) of the Income Tax Act 1961, any taxpayer who has filed ITR can file a revised return. Also, those who file belated ITR, i.e., those who have filed ITR after the last date, can also file a revised return. This too has to be filed by visiting the Income Tax Department’s website. For this, the option of Revised Return has to be chosen.