How to correct income tax return after original ITR filing?

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Mistakes happen, even when it comes to filing your Income Tax Returns online. But don’t fret!

You can easily correct any Income Tax Return after ITR Filing without paying any additional fees.

Here is the process to correct Income Tax Return after ITR Filing.

Stepwise Process to Correct Income Tax Return after ITR Filing

  1. Visit the Income Tax website.
  2. Login to the e-filing portal using your user ID (PAN) and Captcha code.
  3. Click on the e-filing menu and select the ‘Income Tax Return’ link.
  4. On the next page, your PAN will be auto-populated. Select the assessment year, ITR form number, Filing type (original or revised return), and select the submission mode as ‘Prepare and submit online’.
  5. Under the ‘General Information’ tab in the online ITR form, choose the ‘return filing section’ as ‘revised return’ under Section 139(5) and ‘return filing’ type as ‘revised’.
  6. Enter the acknowledgement number and mention the date when the original return was filed under ‘date of filing’. Note that it is mandatory to enter the 15-digit acknowledgement number while filing a revised return online.
  7. Fill/correct the relevant details of the online ITR form and submit it.
  8. To speed up processing and receive a quicker refund, e-verify the returns.

Common Mistakes to Avoid While Filing Income Tax Returns in India

  • Selecting the wrong form for income tax return can lead to a defect notice from the tax department.
  • Quoting the wrong assessment year can result in double taxation and attract penalties.
  • Failing to file ITR on time can attract penalties and may result in loss of benefits.
  • Incorrect personal information, including PAN, can lead to mistakes in ITR filing.
  • Even if tax has been deducted, income still needs to be disclosed in the ITR.
  • All sources of income, taxable or exempt, must be disclosed in the ITR.
  • Discrepancy in TDS details can result in defaults and penalties.
  • E-verification of ITR filing is necessary to avoid invalidation of the ITR.
  • Taxpayers should remember to include previous job income in their ITR.
  • Failure to pay advance tax or self-assessment tax can attract penalties.
  • Deductions on eligible expenses can be claimed, up to Rs. 1.5 lakh in a financial year.
  • Interest earned on NSC is not tax-free, but can be claimed as deductions under Section 80 C.

Read all the other common mistakes to avoid through our detailed post available at:

Avoid small mistakes while filing up ITR form 

New ITR filing forms launched in 1 April 2023

Moreover, If you want any other guidance relating to Online ITR  Filling, please feel free to talk to our business advisors at 8881-069-069.

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