You made a mistake while filling ITR, will your return be invalid? Know what is the solution now
Income Tax Return Filing: Today is the last date for filing the return. If you have not yet filed the return, then you should do this work today. Many times we make some mistakes while filing returns. In such a situation, we are afraid that the notice will not be issued in our name. You can also correct those mistakes.
The last date for filing returns for the financial year 2022-23 is today i.e. 31 July 2023. So far, more than 6 crore taxpayers have filed returns in the country. Many times we make a mistake while filing ITR. We can correct these mistakes again. You can correct that mistake before you verify the return.
If you have not verified the return then you cannot file a fresh return. You should first verify the return, only then file the second return. At the same time, after verifying your return, you can file a revised return.
Under Income Tax rules, if you do not verify after filing the return, then your return will be invalid. Verification of return is one of the ways to file ITR. You should verify the return within 30 days of filing the return. If you do not do this then you may have to pay a penalty.
It is mandatory for you to quote the original ITR Acknowledgment Number while filing your revised return. Apart from this, you have to fill in the date of filing the original ITR. If a taxpayer does not verify the return first, he will be shown an error on the Income Tax Filing Portal.
Any taxpayer in the country can file returns till 31 July 2023 without paying any penalty. By the way, the last date for filing a revised return is 31 December 2023. Let us tell you that any taxpayer can file the original return only once. Regarding the revised return, many experts say that the revised return should be filed only at the time of need. If he does not do so, the Income Tax Department can inquire about him.
Also Read: You made a mistake while filling ITR, will your return be invalid? Know what is the solution now