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Monday, September 4, 2017

Rectifying Income Tax Returns


After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realizes that some income was not reported, or some deduction was not availed of in the return computation, it is possible to file a rectification request.

After the filing of the revised return, the Income Tax authorities may revise the intimation or order (if already passed), if they find merit in the revision.

Prerequisite

To file for a rectification, the assessment of the original return should have been processed at the CPC, Bengaluru.

Online portal

Rectification of the return can be carried out online on the income tax portal https: incometaxindiaefiling.gov.in. The assessee should log in using his login name and password and go to `Rectification' option under the tab `E-File'.

Details

The type of return you are filing (income tax or wealth tax), and the assessment year pertaining to the rectification needs to be added. Latest communication reference number needs to be mentioned.This is the number of the last communication received from the Income Tax Department.

Rectification request

After validating the details, the assessee should enter the rectification request type and enter the required details. Once the details to be rectified are entered and submitted, an acknowledgement number is generated for future reference.

Verification

Once the rectification request is filed, it needs to be verified either through the assessee's Net banking portal or using the Aadhaar OTP income tax verification mechanism. The filed revised return is sent by e-mail to the assessee's registered email ID.


It is also possible to file rectification application through the physical mode.

The IT Department has allowed rectification of returns filed after the due date.


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