Revised Return Services : ITR!!

As per provisions of Section 139(5) of the Income Tax Act, 1961, it provides that returns can be revised in the following situations:-

• To correct the errors, that taken place in earlier return and
• To include the detail that missed out providing earlier.

The below mentioned are the some examples for which return can be revised and rectify:-

• To correct personal or bank details;
• To correct the income mismatch with 26AS Form;
• To correct ITR Form, in which return filled and
• To include the income that missed to disclosed;
• To claim the benefit of TDS or Advance Tax paid, if forget earlier;

A revised return can be filled in the similar way that to original return. The only difference it will carry the changes proposed to be made and also details of the earlier return filed i.e. date of filing of earlier return and the acknowledgement number.

• However, the mode of revised return should be same in which the original return was filed. That means if the original return was filed electronically, it too has to be filed electronically. Similarly, if the original return was filed physically, the revised return should also be filed physically.