Income tax

Did you make a mistake when paying income tax? Know how to correct errors


Updated November 16, 2021 | 06:16 IST

Under the Income Tax Act, you will be able to file a revised ITR at any time during the tax year or before the end of the assessment, whichever occurs first.

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How to Correct Mistakes When Paying Income Tax

New Delhi: Many taxpayers now file their tax returns themselves. However, this often leads to complications in tax filing and could result in a loss.

However, there is no reason to worry in case you made a mistake. All you have to do is file a revised return. You can rectify all kinds of mistakes by omitting important details, claiming wrong deduction, wrong bank account number, etc.

Under the Income Tax Act, you will be able to file a revised ITR at any time during the tax year or before the end of the assessment, whichever occurs first.

It should be noted that filing a revised ITR technically means filing a new ITR with the corrections provided for in Section 139 (5) of the Income Tax Act.

Follow these simple steps

  • First of all, you need to visit the income tax website. On the e-filing portal, log in by entering the User ID (PAN) and Captcha code.
  • After logging in, you can continue to click on the e-filing menu and then select the “Income Tax Return” link.
  • On the next page, your PAN will be automatically filled in. All you have to do is select the assessment year, the RTI form number, the type of filing (original or revised return) and select the submission method such as “Prepare and submit online”.
  • Continue by entering the acknowledgment number and mentioning the date on which the original declaration was filed under “filing date”. Individuals should note that it is mandatory to enter the 15-digit acknowledgment number when filing a revised return online.
  • After completing all these steps, you should be able to complete / correct the relevant details of the online RTI form and submit it. You can e-check returns for faster processing and faster refunds.

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