Revise or Rectify an Income Tax Return?

Taxpayers are mostly confused about the fact when to revise the return or when to file rectification. All taxpayers have the option to revise the return or file rectification if any mistake or omission is discovered in the original return.

Why Rectify?
There might be instances where a taxpayer receives a demand for the previous AY or his income tax portal dashboard shows some outstanding tax liability. In such a case, the taxpayer can file a rectification request.

Rectification of an ITR is different from filing a revised return.

Rectification: The ITD has given taxpayers an option to amend & correct the mistakes which are apparent from the record in an ITR, informed to the taxpayer by an intimation issued u/s 143(1) by the CPC or an order passed u/s 154 by the AO.

Revise: A revised return u/s 139(5) allows to correct any error or omission of facts made at the time of filing the original ITR.

Points to be noted:

  • A rectification request can be submitted only for returns that are already processed by CPC.
  • Only those mistakes can be rectified which are traceable from documentary records.
  • Both a revised return and rectification can be filed online only if the original return was filed online.

Types of errors for Rectification Requests & Revise Return reasons

Only mistakes that are apparent from the records are considered for rectification, such as:

  1. Total tax liability
  2. Gross Total Income
  3. Total Deductions
  4. Personal Information

Whereas changing bank account or address details in an ITR, or any other mistake on a taxpayer’s part can be corrected with a revised return.

Conclusion

If a mistake is discovered in the submitted ITR, you can submit a revised return till the due date to file a return has not lapsed.

The rectification request service can be used on the e-Filing portal only against an order/notice from CPC.

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