Want to revise your income tax return (ITR)? Here's a step-by-step guide

Filing an error-free income tax return is not an easy task, especially for people who are filing it for the first time. There is always the possibility of an unintentional error or omission of details creeping into it.

However, this is no reason to worry as the income tax law provides for the correction of such mistakes.

"As per the law as it stands today, from the Assessment Year (AY) 2018-19, a return of income filed within the due date i.e. the original return of income (31st August for this year) or a return filed after the due date called the belated return, can be revised if a taxpayer discovers any omission or wrong statement in the return filed," Archit Gupta, founder & CEO of ClearTax wrote in an article for Business Standard.

The revision has to be done before the end of the financial year for which return was filed, i.e., 31st March 2019 for AY2018-19.

How you can revise your ITR

The process is quite similar to the one used to file an original ITR. It can be done through both online and physical mode. Here's a step-step guide to file a revised ITR online:

Step 1: Visit www.incometaxindiaefiling.gov.in

Step 2: Login with your credentials

Step 3: Select 'Income Tax Return' under the e-File tab

Step 4: Next, select the assessment year, ITR form name and the submission mode. Select relevant options in 'Field/Schedule' and 'verify your income tax'

Step 5: Fill the asked details in 'Part A General Information' and select the 'Revised' option when asked 'Whether original or revised return?'

Step 6: Mention asked details in all the tabs along with the ones you had missed earlier or had entered wrong information.

Step 7: Click on ‘Preview & Submit’

Step 8: E-verify your revised return

Although there is no restriction on the number of times a return can be revised, multiple revisions may attract the attention of the income tax authorities.