How to Correct Errors in Your Income Tax Return in Delhi

If you’ve made a mistake while filing your income tax return in Delhi, don’t panic. The Income Tax Department provides a way to fix errors through a revised income tax return. Here’s a step-by-step guide tailored for taxpayers in Delhi to correct their ITR errors.

Common Errors in Income Tax Return in Delhi

When filing your income tax return filing in Delhi, some common errors include:

• Incorrect personal details like PAN or address.
• Missing income sources, such as rental income or freelance earnings.
• Errors in claiming deductions or exemptions under various sections.
• Providing incorrect bank account details for refunds.

Steps to Correct Your Income Tax Return in Delhi

1. Review Your Original Filing

Compare your original income tax return in Delhi with Form 16, Form 26AS, and bank statements to spot discrepancies.

2. Log in to the Income Tax Portal

Visit the official Income Tax e-Filing portal and log in using your PAN and password.

3. Select the Option to Revise Your Return

• Go to the “e-File” section and choose Income Tax Return.
• Indicate that you are filing a revised return by selecting Yes for the “Is this a revised return?” question.
• Enter the acknowledgment number of your original income tax return in Delhi.

4. Make the Necessary Corrections

Update all incorrect details, including income, deductions, and exemptions. Double-check all data to ensure accuracy.

5. File and Verify the Revised Return

After submitting your revised income tax return in Delhi, verify it through:

• Aadhaar OTP.
• Net banking.
• Sending a signed ITR-V to the Centralized Processing Center (CPC), Bengaluru.

6. Track Your Revised Return Status

Post-verification, track the status of your revised income tax return in Delhi to confirm acceptance by the Income Tax Department.

Deadlines for Filing a Revised Income Tax Return in Delhi

• A revised income tax return in Delhi can be filed up to March 31 of the assessment year.
• For example, if your ITR is for FY 2023-24, you have until March 31, 2025.

FAQs About Filing a Revised Income Tax Return in Delhi

Can I Revise My ITR Multiple Times?

Yes, you can revise your income tax return in Delhi multiple times, provided it is within the stipulated deadline.

What Happens If Errors Are Found After the Deadline?

After the deadline, you can file a rectification request under Section 154 to address errors in your income tax return in Delhi.

Will Filing a Revised Return Attract Penalties?

There are no penalties for filing a revised income tax return in Delhi, but interest may apply if additional taxes are due.

Seek Professional Assistance in Delhi

If you find the process of revising your income tax return in Delhi overwhelming, it’s wise to consult a tax expert or chartered accountant in Delhi. Professionals can ensure accuracy and compliance with tax laws.

Fixing errors in your income tax return in Delhi is simple if you act promptly. Following these steps ensures you stay compliant with tax regulations and avoid unnecessary penalties.