Made mistakes while filing ITR  ? you are allowed to revise the information you entered with out any late fee till december 31st.

It is important to file INCOME TAX REETURNS correctly,if you do any mistakes while filing like showing wrong income or hiding your other sources of income or claiming deductions wrongly ,You could be in a trouble by doing such mistakes.

Government of india allows tax payers to revise mistakes .This revised return are allowed to  be filed 3 months before the end of the relevant assessment year or before the completion of the assessment year.

The last date to file a revised return for the FY 2022-23 (AY 2023-24) is December 31, 2023, for ITR filed for FY 2022-23 (AY 2023-24).

ARE YOU ELIGIBLE TO FILE REVISED ITR WITHOUT ANY FINE ?

Every citizen who has filed his/her ITR is allowed to revise ITR filing under Section 139(5) of the Income-tax Act, 1961, to provide correct information to the income – tax department. Even those who file belated ITR, i.e., ITR – filed after the expiry of the deadline, are  alsoallowed to file a revised return.

There is no limit to revise your itr filing but its manditory to submit the first itr filing you did ,every time you do the revised submission.

Try to provide accurate information ,if the IT department finds any wrong information ,you can be imprisioned .

It’s very much important to file tax returns correctly by attaching supporting documents .

You can take the help of professional Accountants ,who can help you to do ITR filing in proper way.

How many times an ITR  can be  revised?

A revised income tax return (ITR) can be revised again and again, subject to certain conditions.

Revising your tax return is a chance for you to rectify your mistake you comitted while filing, but one should always avoid misuse of this facility of ITR-FILING  and ensure to take utmost care while filing the original tax return in INDIA.

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