FILING REVISED RETURN USING myITreturn
Often after income tax return is filed, taxpayers realize that they have made some small or big mistakes and then tend to worry about it. Do not worry , you can revise your return after it is filed. Have you also made any errors while filing income tax return and wondering how to e-file a revised return to rectify the error?
Time Limit to file the Revised Return:
Till Financial year 2016-17, the time limit to file the Revised return was two years from the end of the financial year, i.e . FY 2016-17 return can be revised upto 31st March 2019.
But from Financial year 2017-18, a revised return can be filed upto one year from the end of the financial year, i.e FY 2017-18 return can be revised upto 31st March 2019 and not 31st March 2020.
Original Return Filed after the Due Date:
Till Financial year 2015-16, only original return filed within the due date, could be revised.
But from Financial year 2016-17, an original return which is not filed within the due date can also be revised.
Revise your return using myITreturn:
You can revise your Income Tax return using myITreturn.
Even if you have not filed the original income tax return using myITreturn, you can use our website to file the Revised Return.
STEP 1: Register on myITreturn if not already registered or Login if already registered.
Once you login, select the financial year and click on the Revised Return, if you had filed the Original return using myITreturn. If you had not filed the Original return using myITreturn, simply select the relevant financial year as marked in the below image and start entering your revised income details.
STEP 2: After you click on the revise return, kindly make the required changes using the tabs as highlighted.
STEP 3: After the required changes are made, click on the option “e-file” and sub-option “summary” to check your Tax summary.
Review the Tax summary once and if there is any Tax payable, pay the same and update it under “Tax Paid” tab. Click here to know how to pay the Self Assessment Tax.
STEP 4: Once you have reviewed your return, you need to “e-file” the Revised Return.
STEP 5: You will see the acknowledgment number and date of filing of the original return if you had filed your Original return using myITreturn.If you had not filed your Original return using myITreturn, then you will have to manually enter the E-filing Acknowledgement number and Date of filing of the Original return.
Once the above mentioned details are entered you need to pay the filing fees and file your return. After the revised return is filed you will have to e-verify your income tax return.
You can opt for our “Assisted Filing Service” if you require any assistance in Revising your Income Tax Return where myITreturn Tax Experts will file the income tax return on your behalf.