Let me tell you about revised income tax return last date. A revised income tax return (ITR) allows taxpayers to correct errors or omissions in their originally filed return. As per Section 139(5) of the Income Tax Act, 1961, taxpayers can revise their returns if they discover inaccuracies after submission.
Which is the Last Date of Filing Revised Income Tax Return?
The last date for filing a revised return is three months before the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. For example, for the financial year (FY) 2022-23 (assessment year 2023-24), the revised ITR must be filed on or before December 31, 2023. Any taxpayer who has filed an original or belated return can revise it, regardless of whether the return was filed before or after the due date. Taxpayers can correct any errors, such as incorrect income reporting, missed deductions, wrong personal details, or other inaccuracies. The revised return is filed online through the Income Tax Department’s e-filing portal using the same form and process as the original return. The revised ITR should indicate the acknowledgment number of the original or belated return. Taxpayers can revise their returns multiple times within the allowed timeline if necessary. This is all about the revised income tax return last date. Assist Yourself in Tax Payments & Assessments Done by Experts at NoBroker Read more What is Clubbing of Income in Income Tax?Your Feedback Matters! How was this Answer?
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What Is Revised Income Tax Return Last Date?
ashish
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2024-12-30T08:57:29+00:00 2024-12-30T08:57:29+00:00Comment
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