Section 139(5) Correct Your ITR Without Penalty

Revised Return Services in Karari

Made an error in your original ITR? Under Section 139(5) of the Income Tax Act, 1961, you can file a Revised Return in Karari to correct mistakes or include missed details. GetMyCA helps you file your revised ITR accurately and on time.

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Revised Return:Section 139(5) File before end of Assessment Year or completion of assessment, whichever is earlier • No limit on number of revisions

Revised Return Services in Karari

As per Section 139(5) of the Income Tax Act, 1961, an income tax return can be revised in the following situations:

  • To correct errors that occurred in the earlier return
  • To include details that were missed in the original return

Common Reasons to File a Revised Return

  • To correct personal or bank details
  • To correct income mismatch with Form 26AS
  • To correct the ITR Form in which the return was filed
  • To include income that was missed or not disclosed
  • To claim the benefit of TDS or Advance Tax paid that was forgotten earlier

Period for Return Revision in Karari

There is no restriction on the number of times a return can be revised but it must be within the period provided for revision.

As per the Income Tax Act, 1961, a return can be revised up to the end of the Assessment Year or completion of assessment by the Assessing Officer, whichever is earlier. For example, the revision window for AY 2018-19 was available up to 31st March, 2019 or before the assessment, whichever is earlier.

Consequences of Filing a Revised Return
There are no specific penalties for filing a revised return. However, a revised ITR may increase the chances of the return being picked up for detailed scrutiny assessment. Once a revised ITR is filed, the original or previous return is deemed to be withdrawn.
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GetMyCA helps you file your Revised Return in Karari accurately correct errors, include missed income, and fix bank or personal details before the assessment window closes.

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Filing a Revised Return in Karari

A revised return is filed in the same way as the original return the only differences are:

  • It carries the proposed corrections or additions
  • It includes details of the earlier return filed date of filing and the acknowledgement number
Important Filing Mode
The mode of the revised return must be the same as the original return. If the original return was filed electronically, the revised return must also be filed electronically. If filed physically, the revised return should also be filed physically.
⚡ Revise Your ITR Before the Window Closes!
GetMyCA makes Revised Return Filing in Karari simple and accurate. Correct errors, include missed income and fix your ITR before the assessment happens.
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