sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« News Headlines »
 10 things you need to know about filing your Income Tax Returns
 Here’s what you should know Are you liable to pay advance tax?
 How new property tax law will affect you
 Zero income tax for women
 What to do if you missed income tax return deadline
 Haven’t filed your ITR yet? Now use updated forms to file tax return Income Tax efiling
 File your ITR without Form 16; here is how Income tax returns filing
 Here's how you can revise your income tax returns ITR 2018-19
 Income tax return (ITR) filing: Step by step guide for NRIs
 Filing income tax return? Here’s what has changed in the new ITR forms for AY2018-19
 How to revise income tax return (ITR) for AY 2018-19
 Claiming tax benefit on education loan? 5 things you must know
 Income Tax Returns (ITR) filing: Good news coming for women?
 How to verify your ITR filing for FY 2017-18
 10 things about income tax return you probably didn’t know

Here's how you can revise your income tax returns ITR 2018-19
August, 07th 2018

Income tax return filing deadline, August 31 is fast approaching. Central Board of Direct Taxes (CBDT) pushed the date from July 31 to August 31 which gave taxpayers another month to file their returns. It may be noted that any mistake in the ITR filed may result in a notice or enquiry from the Income Tax Department. Taxpayers must file their returns carefully.

In case a taxpayer makes an error while filing their income tax return, they have a chance to correct the errors and file a revised return. Only those people can file a revised return if any detail is either missing or is filled incorrectly in the form. The last date to file the revised return is March 31, 2019, for the assessment year 2018-19

A taxpayer can either revise the same ITR Form which was in the original return filed or he can file a different ITR under section 139 (5). If the second option is chosen then the original return filed under section 139(1) will be withdrawn and will be substituted by the revised return.

Here is how one can revise their ITR:

Step 1: In ITR form 'Part A General Information section', locate 'Whether Original or Revised return?' and select revised from the drop down.

Step 2: Enter the receipt number/acknowledgement number of the original return in the space provided in the form.

Step 3: Enter the date when the original return was filed.

Step 4: If you are filing the return after you received a notice from the Income-tax department then you will also have to enter Notice no. and notice u/s in the space provided.

Step 5: Fill the rest of the form as required with all the corrections.

Step 6: The process of filing the revised ITR is same as that of filing the original return which you can read

Things to remember while filing the revised return:

1. A revised return should be filed only to rectify genuine omissions or wrong statements. If the taxpayers have intentionally not disclosed any income in the original return but decided to file a revised return after a notice was issued then a scrutiny might be issued against them.

2) It is mandatory to mention the date of filing and acknowledgement number of the original ITR filed.

3) Revised return must be verified as well.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions