Monday, August 8, 2011

How to Submit Revised ITR (Income Tax Return)



Section 139(5) in Detail given as under:-
98[(5) If any person, having furnished a return under sub-section (1), or in pursuance of a notice issued under
sub-section (1) of section 142, discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the expiry of one year from the end of the relevant assessment year or before the completion of the assessment, whichever is earlier :


Provided that where the return relates to the previous year relevant to the assessment year commencing on the 1st day of April, 1988, or any earlier assessment year, the reference to one year aforesaid shall be construed as a reference to two years from the end of the relevant assessment year.]


Select "Revised " in option of Whether Original or Revised Return ?" and then the following three items are required to submit Revised Income Tax Return :-

  1. Receipt No of Original Return
  2. Date of Submission of Original Return
  3. Entry of Code  16-u/s 139(5) as shown in above screen. 
The above three major items are required to submit Revised Income Tax Return and then you can rectify your data as rectification and generate XML file for successful uploading.

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