There is no limit for the number of times you can file a revised return. Remember, every time you file a revised return, you are required to provide details of your original ITR.
How long does revised return take?
Status post the ITR processing Generally, the credit of refund process takes about 20-45 days from the date of e-verification of the income tax return. However, if the acknowledgement has been sent physically to the CPC, it may take a longer time.
What to do when you revise your income tax return?
After the revised return is filed you will have to e-verify your income tax return. You can opt for our “ Assisted Filing Service ” if you require any assistance in Revising your Income-tax Return where myITreturn Tax Experts will file the Income-tax return on your behalf.
Where can I upload my revised income tax return?
Instead of preparing a revised income tax return online, you can upload the XML of your revised return online if you have prepared a revised return offline. The process is as follows – Visit the e-filing website of the Income Tax Department. Download the appropriate ITR preparation software from the website.
When is the deadline to revise your tax return?
To keep up with the times, tax laws see regular modifications and amendments, which can be another reason for taxpayers making mistakes in their tax returns. You can file revised return even if you have filed return after deadline of 31st July.
When do I need to send my tax return back?
A: Upon receipt of the Tax Return, you are required to complete and send it back to the Inland Revenue Department within the time limit specified in the return so that the Department can assess whether or not you are liable to tax for that year of assessment. The Department may issue a Tax Return – Individuals to you in the following situations:
