Income tax return: How to file revised ITR online. Step by step guide
2 years, 4 months ago

Income tax return: How to file revised ITR online. Step by step guide

Live Mint  

Income tax return filing: The due date for unaudited income tax return filing has passed and those who have filed their return have either got ITR refund or they are waiting for their ITR refund. Under Section 139 of the income tax act, 1961, a taxpayer can revise one's ITR and file a revised ITR by removing the error in the original return. Speaking on the revised I-T return filing, SEBI registered tax and investment expert Jitendra Solanki said, "Under Section 139 of the income tax act, 1961, a taxpayer is allowed to file a revised ITR and correct the information filled in the original return. Solanki said that one can file a revised ITR online by logging in at the income tax e-filing portal. How to file revised return for AY 2022-23 online As mentioned above, one needs to login at the direct income tax e-filing portal — https://www.incometax.gov.in/iec/foportal and follow the step by step guide given below: 1] Login at the e-filing website of the income tax department — https://www.incometax.gov.in/iec/foportal; 2] Login with the User ID and password on the home page; 3] After opening your account click on ‘E-File’ and choose 'Income Tax Return'; 4] After opening of the income tax return page, select AY 2022-23 and 'Online' as 'Select Mode Filing'; 5] Choose your options you want to correct; 6] Select one of the status — individual, HUF and others — applicable on you; 7] Select correct ITR form and proceed with the information sought;

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History of this topic

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 10 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
4 days, 20 hours ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Income Tax Department admits error of sending wrong ITR notices. Check details
6 days, 20 hours ago

Income Tax Department admits error of sending wrong ITR notices. Check details

India Today  

In an unexpected move, the Income Tax Department has acknowledged its error in sending defective ITR notices to taxpayers who had correctly filed their returns. On November 29, 2024, the tax department issued notices citing defective ITRs under Section 44AD, claiming discrepancies in turnover limits and missing financial documents. However, on December 5, 2024, the department clarified the mistake, stating, …

Belated Income Tax Return: You can file it before Dec 31. Check details
1 week ago

Belated Income Tax Return: You can file it before Dec 31. Check details

Live Mint  

If you missed filing your income tax return before July 31 then you do not need to fret! For the financial year 2023-24, while the last date of filing income tax return for individual taxpayers was July 31, one can file it before Dec 31 after paying a fee. If you are filing a belated income tax return then you …

ITR deadline is November 15, 2024 for these taxpayers: Check details
1 month, 1 week ago

ITR deadline is November 15, 2024 for these taxpayers: Check details

Hindustan Times  

The deadline for filing income tax returns for the financial year 2023-24 is November 15, 2024, specifically for taxpayers subject to an income tax audit and some other designated taxpayers, The Economic Times reported. Thus, the tax audit report must also be submitted before filing the ITR. The ET report cited chartered accountant Prakash Hegde as saying the following types …

ITR refund pending? Tax dept legally has time until 2025 to process it
3 months, 3 weeks ago

ITR refund pending? Tax dept legally has time until 2025 to process it

Business Standard  

The Income Tax Department is processing millions of returns – a task that can take until the end of 2025 to complete for some taxpayers. If the refund is delayed beyond these periods, the taxpayer is entitled to receive interest on the refund amount as per Section 244A of the Income Tax Act,” he said. Interest on Income Tax refund …

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?
5 months, 1 week ago

ITR E-filing portal glitches: Will Income Tax return deadline be extended beyond July 31?

Hindustan Times  

The deadline for filing income tax returns in 2024 is set on July 31. The Income Tax Department's website noted, “Over 2.7 crore ITRs have been filed as on 14 July 2024, which is 13% more compared to returns filed during the same period last year. While the milestone of filing of 1 crore of ITRs for AY 2024-25 arrived …

ITR filing 2024: Keep these five things in mind before filing income tax return
5 months, 1 week ago

ITR filing 2024: Keep these five things in mind before filing income tax return

India TV News  

ITR filing 2024: The process of filing Income Tax Returns for the assessment year 2023-24 has commenced. Here are five things to keep in mind while filing your return to avoid errors and ensure smooth processing: Selection of form The choice of form depends on your sources of income. This time, the Income Tax Department has sought additional information through …

Submitted wrong ITR form? Know how many times you can revise return
6 months, 2 weeks ago

Submitted wrong ITR form? Know how many times you can revise return

Live Mint  

Correcting any mistakes or omissions in your initial Income Tax Return is the aim of filing a revised ITR. An essential provision of the Income Tax Act of 1961 is Section 139, which permits you to file a revised ITR in case you discover mistakes or omissions in your initial return. Lowers the possibility of scrutiny: The possibility that the …

What Will Happen If You Do Not File Your ITR Before The Deadline
8 months, 2 weeks ago

What Will Happen If You Do Not File Your ITR Before The Deadline

News 18  

March has ended, and with the income tax filing season in full swing, individuals are busy ensuring they meet their tax obligations. Missing this deadline can impact your ability to choose between the old and new tax regimes. Filing before this deadline allows taxpayers to select between the old and new tax regimes. In contrast, the old tax regime offers …

Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available on e-filing income tax portal
8 months, 3 weeks ago

Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available on e-filing income tax portal

Hindustan Times  

The Income Tax Department made online income tax return forms- ITR-1, ITR-2 and ITR-4, for FY 2023-24 - available on the e-filing portal. Income tax return: You can file ITR either completely online on the tax department’s e-filing income tax portal or partially online, partially offline as well. You can file ITR either completely online on the tax department’s e-filing …

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax
9 months, 1 week ago

Deadline to file updated ITR FY20-21 ends on March 31: Details on additional tax

Hindustan Times  

The deadline for submitting an updated income tax return for the financial year 2020-21 is on March 31. The provision allows taxpayers who missed filing their return for the said financial year or failed to report any income to file an updated ITR. There is no financial imposition on individuals wishing to furnish an updated return but they have to …

ITR verification: Income tax department has this important message for taxpayers
1 year, 3 months ago

ITR verification: Income tax department has this important message for taxpayers

Live Mint  

ITR verification: If you do not e-verify your income tax return, the filing process is treated as incomplete and your ITR becomes invalid. The income tax department has urged taxpayers to not delay and complete the e-filing process today. Effective August 2023, the income tax department has made it mandatory for tax filers to e-verify their returns within 30 days …

What Happens If I Miss Deadline to File Income Tax Returns?
1 year, 4 months ago

What Happens If I Miss Deadline to File Income Tax Returns?

Deccan Chronicle  

July 31, Monday, marks the final day for taxpayers to file their Income Tax Returns for the financial year 2022-23. The Income Tax Department has been closely monitoring the situation and informed that its helpdesk is functioning 24x7 to provide additional support to handle the anticipated influx of taxpayers seeking assistance in the eleventh hour. The Income Tax Department has …

ITR filing last date today: Here's what happens if you miss the deadline
1 year, 4 months ago

ITR filing last date today: Here's what happens if you miss the deadline

Firstpost  

As most tax experts and chartered accountants suggest that the government has no plan to extend the deadline this year, the 31 July date becomes even more important for those who are yet to file their returns to avoid penalties As the deadline to file your income tax returns draws to a close today, it is crucial not to overlook …

ITR filing last date today: What to do if you miss the July 31 deadline?
1 year, 4 months ago

ITR filing last date today: What to do if you miss the July 31 deadline?

India TV News  

The deadline for filing income tax returns for the financial year 2022-23 for salaried individuals and those who do not have to get their accounts audited ends today According to the Income Tax Department on Sunday, over 6 crore tax returns have been filed for the previous year, and over 11 lakh returns have been filed upto 12 pm on …

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here
1 year, 4 months ago

File your Income Tax Returns online before the deadline: Check last-minute ITR filing tips here

India TV News  

As the deadline for filing Income Tax Returns approaches, individuals who earn, whether they are salaried, self-employed, part of a Hindu Undivided Family, or work for multinational corporations or firms, are reminded of their primary responsibility to declare their income and pay taxes. The Income Tax Return serves as an official declaration of a taxpayer's income and serves as a …

ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here
1 year, 5 months ago

ITR Filing Update: Why You Must NOT Delay Filing Your ITR? Check Latest Update Here

News 18  

Filing your income tax return on time is important for several reasons. “We would like to thank income tax return filers as ITR filing has been at a much faster pace than last year and we would advise them not to wait until the last moment and also not to hope for any extensions. About 5.83 crore income tax returns …

Income tax return: As deadline approaches, know which form to use for ITR filing
1 year, 5 months ago

Income tax return: As deadline approaches, know which form to use for ITR filing

Hindustan Times  

The deadline to file the Income Tax Return for the financial year 2022-23 is July 31. ITR form 1: Taxpayers and individual residents earning an income of up to ₹50 lakh from salary, income from one house property, other sources such as interest or dividend, and agricultural Income up to ₹5,000. ITR form 2: Individuals and Hindu Undivided Family with …

ITR Filing: What is ITR-6, how to file online for AY 2023-24
1 year, 6 months ago

ITR Filing: What is ITR-6, how to file online for AY 2023-24

India Today  

An income tax return is basically a document that is filed as per the provisions of the Income Tax Act, reporting one’s income, profits and losses, and other deductions as well as details about a tax refund or tax liability. Companies, except those claiming exemption under section 11 due to their income from the property being held for charitable or …

ITR filing for FY 2022-23: How to correct any mistakes made while filing ITR
1 year, 6 months ago

ITR filing for FY 2022-23: How to correct any mistakes made while filing ITR

India Today  

While filing an income tax return, it is common to make small errors. Section 139 of the Income-Tax Act, 1961 enables taxpayers to correct errors in their original tax returns by filing a revised return. It's important to understand that filing a revised ITR means submitting a new return that includes the necessary corrections under Section 139 of the Income …

How to file income tax return without Form 16
1 year, 6 months ago

How to file income tax return without Form 16

India Today  

The deadline for filing Income Tax Returns for the fiscal year 2022-23 is July 31. When filing your income tax return, it is crucial to ensure that the Form 16 you use is valid and in an acceptable format. If you need to file your income tax return without Form 16, follow these steps: Calculate income from salary: Compile the …

Filing ITR Now? Who Will And How To File Income Tax Return? Know This Before Hand
1 year, 6 months ago

Filing ITR Now? Who Will And How To File Income Tax Return? Know This Before Hand

News 18  

Income Tax Return filing holds immense importance as it serves as a vital tool for ensuring tax compliance and financial transparency. By filing ITR, individuals and businesses provide a comprehensive record of their income, deductions, and taxes paid, enabling the government to assess tax liabilities accurately. You can find a list of all the ITR forms and their eligibility criteria …

ITR Filing Starts: Expert Tips For Individual Taxpayers To Chose Correct ITR Form
1 year, 6 months ago

ITR Filing Starts: Expert Tips For Individual Taxpayers To Chose Correct ITR Form

News 18  

Filing your Income Tax Return holds significant importance for several reasons. It also facilitates the calculation of your tax liability, as the ITR form prompts you to provide details of income, deductions, exemptions, and tax-saving investments. Each ITR form is specifically designed to capture different types of income and financial situations, so choosing the right one ensures that you report …

Attention Taxpayers! Online ITR Filing Enabled For AY 2023-24
1 year, 7 months ago

Attention Taxpayers! Online ITR Filing Enabled For AY 2023-24

News 18  

The Income Tax department has enabled online filing of income tax returns 1 and 4, filed by individuals, professionals and small businesses, for the financial year 2022-23. The software/utilities for preparing other ITRs/ Forms will be enabled shortly.…— Income Tax India May 23, 2023 The last date for filing Income Tax returns for fiscal 2022-23 for people who do not …

Missed your ITR ever before? ITR-U is here to help
1 year, 7 months ago

Missed your ITR ever before? ITR-U is here to help

Live Mint  

Are you one of those taxpayers who missed the income tax filing deadline this year? In this article, we'll discuss everything you need to know about filing overdue income tax returns using ITR-U. The Income tax section 139 allows taxpayers a chance to update their ITR within two years from the end of the year in which the original return …

Income Tax Return Filing Online: Easy Steps To File ITR 1 Sahaj, Check Details Here
1 year, 8 months ago

Income Tax Return Filing Online: Easy Steps To File ITR 1 Sahaj, Check Details Here

News 18  

An income tax return is a document that you file with the Indian tax department to report your income, deductions, and taxes paid for a particular financial year. The finance ministry has allowed individuals against whom search and seizure operations were carried out by the IT authorities to file revised income tax return in ITR-1 form for assessment year 2023-24. …

ITR filing last date AY 2023-24: Due date for filing income tax returns
1 year, 8 months ago

ITR filing last date AY 2023-24: Due date for filing income tax returns

India Today  

Income Tax Returns must be filed by July 31 for the FY 2022-23. On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. WHICH TAX RETURN TO FILE: The Income Tax department has notified seven different forms i.e., ITR 1, …

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?
1 year, 9 months ago

ITR filing last date for FY 2019-20: How much additional tax do you need to pay?

Live Mint  

ITR filing last date for FY 2019-20: The deadline to file an updated income tax return for FY 2019-20 is 31 March 2023. An updated income tax return or ITR-U is a form that allows taxpayers to file the ITR or to correct errors or omissions on their ITRs up to two years from the end of the relevant assessment …

New ITR Forms For AY 2023-24: Know The Key Changes
1 year, 10 months ago

New ITR Forms For AY 2023-24: Know The Key Changes

Live Law  

On February 10, 2023, the Central Board of Direct Taxes announced the tax return forms for the financial year 2022–2023.This year, ITR forms were announced in advance, which is a very positive step toward making compliance easier. The disclosure and reporting requirements on tax return forms will be better understood by taxpayers.Here are the key changes:Separate section for. Here are …

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file
1 year, 11 months ago

Income Tax: Last day for late and revised ITR is December 31: Here’s what happens if you fail to file

Live Mint  

Do not forget to file your income tax returns for financial year 2021-22 amid the festivities of the new year if you haven't already. Assessees must file belated ITRs under Section 139 of the Income Tax Act, 1961. While filing belated ITRs, taxpayers must ensure that they select Section 139 in the tax return form and that the applicable penalty …

Income Tax Return Filing AY 2022-23: December 31 Is Last Date For Filing Revised, Belated ITR
2 years ago

Income Tax Return Filing AY 2022-23: December 31 Is Last Date For Filing Revised, Belated ITR

News 18  

Deadline For Revised and Belated ITRs: Now that 2022 is ending and the new year 2023 is going to start in about a week, the window for filing the revised or belated ITR is also going to be closed on December 31. So, if you could not file your income tax return by July 1, 2022, or had filed the …

FinMin extends ITR filing deadline for companies till Nov 7
2 years, 1 month ago

FinMin extends ITR filing deadline for companies till Nov 7

Deccan Chronicle  

NEW DELHI: The Finance Ministry on Wednesday extended the deadline for filing income tax returns for the assessment year 2022-23 by businesses till November 7. The Central Board of Direct Taxes, the apex decision-making body in matters of income and corporate tax, in a notification said since it had last month extended the deadline for filing audit reports, hence the …

How to file ITRs when it’s belated, revised, updated
2 years, 2 months ago

How to file ITRs when it’s belated, revised, updated

Live Mint  

Income Tax Return filing has three different due dates u/s 139 of Income Tax Act. Belated return can be filed till 31 December of the relevant AY u/s 139 of IT Act subject to completion of assessment. Revised Return If a taxpayer has filed original or belated ITR but later discovers an omission or wrong statement in it due to …

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns
2 years, 2 months ago

Income Tax: Forgot to file the I-T Return? Know about revised, belated and updated returns

Live Mint  

Income tax, IT department, income tax return, ITR filing- all of these terms can get confusing at at a point. Revised ITR Imagine that you hastily submitted your return before July 31, 2022, only to discover that you neglected to add some income and made a few mistakes.You can file a revised return in this situation to update your income …

CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation
2 years, 3 months ago

CBDT Notifies ITR-A Under Section 170A For Filing Modified Return Pursuant To Business Reorganisation

Live Law  

The Central Board of Direct Taxes has notified Form ITR-A for filing the modified income tax return under Section 170A of Income Tax Act, 1961 pursuant to business reorganisation. As per the newly inserted Rule 12 AD, the modified return of income to be furnished by a successor entity to a business reorganisation, as referred to in Section 170A, shall …

You can be fined even if you file your income tax return before deadline
2 years, 4 months ago

You can be fined even if you file your income tax return before deadline

Hindustan Times  

The deadline to file income tax returns ended on July 31. The income tax department said nearly six crore returns were filed till the deadline. You can be fined ₹5,000 for late filing in case you failed to verify your income tax return. The date when a taxpayer e-verifies the income tax return will be considered the date for filing …

Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online
2 years, 4 months ago

Haven't Received Income Tax Refund Yet? Step-by-Step Process to Track ITR Refund Status Online

News 18  

Taxpayers often end up paying an excess amount to the Income Tax Department due to various reasons. Even employers deduct more income tax for salaried employees at times due to wrong calculations or lack of proof of savings under various sections of the Income Tax Act. The Income Tax Act, 1961 states under sections 237 to 245, that tax refunds …

Revised income tax return: Eligibility, deadline, other details you should know
2 years, 4 months ago

Revised income tax return: Eligibility, deadline, other details you should know

Live Mint  

ITR filing: Due date for unaudited income tax return filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can …

E-verify ITR: 30-day window still open. Steps for taxpayers to do it online
2 years, 4 months ago

E-verify ITR: 30-day window still open. Steps for taxpayers to do it online

Live Mint  

July 31 was the due date to file income-tax returns for the assessment year 2022-23. Those filing the return after the due date must verify their ITR as soon as possible as the time limit has been reduced for late filers from 1 August. The Income Tax department has reduced the time limit for e-verification or hard copy submission of …

How to check income tax return (ITR) refund status online
2 years, 4 months ago

How to check income tax return (ITR) refund status online

Live Mint  

ITR refund status: The due date for income tax return filing for AY 2022-23 is gone and those who filed their ITR for FY 2021-22 have either got their ITR refund or they are waiting for it. How to check ITR refund status online with acknowledge number The income tax department in India offers taxpayers to check their ITR refund …

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It
2 years, 4 months ago

ITR Refund: Filed ITR? Know How to Check Refund Status, When You Will Get It

News 18  

ITR Refund AY 2022-23: The due date to file income tax return, or ITR for AY 2022-23, has ended on July 31. Those who have filed their ITR for AY 2022-23 on time will now wait for their income tax refunds, which is issued to taxpayers only when they pay higher taxes than the actual liabilities. The income tax department …

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do
2 years, 4 months ago

Income Tax Return Filing AY 2022-23: Missed ITR Filing Deadline? Know What You Can Do

News 18  

ITR Filing AY 2022-23: The due date to file income tax return has already passed on July 31, Sunday. according to the government rule under the Finance Act, taxpayers can file income tax returns after the due date. Those who have already filed their income tax returns are also eligible to file a revised return if there was a gap …

Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details
2 years, 4 months ago

Income Tax Return Rule Change: Taxpayers Need to e-Verify ITR Within 30 Days, Know Details

News 18  

ITR Filing Rule AY 2022-23: Now, taxpayers have to electronically verify or e-verify their income tax returns within 30 days of filing the return of income. For those taxpayers who have filed income tax returns before August 1, will get earlier time limit of 120 days to e-verify their ITR forms. The income tax department mentioned in the notification, “Where …

ITR filing deadline missed? What you can do now
2 years, 4 months ago

ITR filing deadline missed? What you can do now

India TV News  

Highlights The last date for filing the ITR was July 31, 2022 There is an option to file belated ITR for those who missed the deadline However, one has to pay a fine depending on their pay scale to file belated ITR ITR deadline: Income Tax Return filing's last date was July 31, 2022 for the year 2021-2022. So, if …

ITR filing: I-T department issues top 10 FAQs
2 years, 4 months ago

ITR filing: I-T department issues top 10 FAQs

Live Mint  

The Income Tax Department has issued a set of FAQs on top 10 queries asked by taxpayers while filing their ITRs, according to news agency PTI. Take a look a top 10 clarifications sought by taxpayers on ITR filing, 1) Taxpayers whose mobile number is not linked to Aadhar card can reset the password on income tax e-filing portal using …

Income Tax filing last date: No extension of due date; 24/7 helpline numbers
2 years, 4 months ago

Income Tax filing last date: No extension of due date; 24/7 helpline numbers

Live Mint  

Income Tax filing last date: Today is the last date of filing your income tax return. The income tax department issued a public message through its official Twitter handle asking taxpayers, largely individuals and salaried class, to file their returns within the due date of July 31. Today is the due dt to file #ITR for AY 2022-23,” the income …

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty
2 years, 4 months ago

ITR: Income tax return deadline tomorrow. File it immediately to avoid penalty

Hindustan Times  

The last date for filing income tax returns is July 31, i.e Sunday. The income tax department has made it clear that the deadline will not be extended, and has asked the tax payers to file their returns before the deadline to avoid any fine. On Friday, the income tax department took to Twitter to remind the tax payers about …

ITR: Which form should individuals use to file their returns? Details here
2 years, 4 months ago

ITR: Which form should individuals use to file their returns? Details here

Hindustan Times  

Only four days are left for citizens to file their income tax returns as the Union government has already hinted it will not extend the due date beyond the existing deadline, i.e. ITR 2: This is only for individuals or Hindu Undivided Family who fulfil the following conditions: income more than ₹50 lakh; income generated from one among pension/salary, house …

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