Re-submit or Revised Indian Income Tax Return procedure is not known to maximum Taxpayee. It can be submitted after successful submission of Original Income Tax Return. No doubt that the Submission of Revised Income Tax Return is easy than submission of Original Income Tax Return. I had submitted revised Income Tax Return before two years ago and just submitted today. There was difference due to updation in system which I want share with you.
If a person has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e. within the due date of filing the return and if he subsequently finds that in the original return he has committed some mistake bonafidely then he can revise his return of income u/s 139(5) of Income Tax Act. The following provisions relating to revise returns.
Section 139(5) in Detail given as under:-
98[(5) If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
Provided that where the return relates to the previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, the reference to one year aforesaid shall be construed as a reference to two years from the end of the relevant assessment year.]
Select "Revised " in option of Whether Original or Revised Return ?" and then the following three items are required to submit Revised Income Tax Return :-
If a person has filed his return of Income u/s 139(1) of Income Tax Act 1961 i.e. within the due date of filing the return and if he subsequently finds that in the original return he has committed some mistake bonafidely then he can revise his return of income u/s 139(5) of Income Tax Act. The following provisions relating to revise returns.
Section 139(5) in Detail given as under:-
98[(5) If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :
Provided that where the return relates to the previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, the reference to one year aforesaid shall be construed as a reference to two years from the end of the relevant assessment year.]
Select "Revised " in option of Whether Original or Revised Return ?" and then the following three items are required to submit Revised Income Tax Return :-
- Receipt No of Original Return
- Date of Submission of Original Return
- Entry of Code 16-u/s 139(5) as shown in above screen.
The above three major items are required to submit Revised Income Tax Return and then you can rectify your data as rectification and generate XML file for successful uploading.
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