Revise (Correct) your Income-tax return

FILING REVISED RETURN USING myITreturn

Often, after Income-tax return is filed, taxpayers realise that they have made some mistakes in entering data for tax filing. There is nothing much to worry, if you realise that before the Income-tax Department finds it. You can revise / correct your return after it is filed. 

Revised return can be filed irrespective of the fact whether you have filed Original return from myITreturn.com or not. Even if you have filed from outside somewhere, you can file a revised return from myITreturn.com for the respective assessment year.

Time Limit to file the Revised Return:

Till Financial Year 2016-17 (Assessment Year 2017-18), the time limit to revise a return was earlier of:

1. before expiry of one year from the end of relevant Assessment Year or
2. before completion of assessment

This means that the return for Financial Year 2016-17 (Assessment Year 2017-18) can be revised only up to 31/03/2019.

From Financial Year 2017-18 (Assessment Year 2018-19), the time limit to revise a return is earlier of:

1. Upto the end of relevant Assessment Year or
2. before completion of assessment

This means that the return for Financial Year 2017-18 (Assessment Year 2018-19) can be revised up to 31/03/2019.

Original Return Filed after the Due Date:

Till Financial year 2017-18, only original return filed within the due date, could be revised.
But from Financial year 2017-18, 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 "If you wish to revised your return, click here" the Revised Return link is showing in the below mention page, if you had filed the Original return using myITreturn. 

If you have 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.

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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.