ITR submitting: Due date for unaudited earnings tax return (ITR) submitting is gone however these taxpayers who need to edit their return as they’ve crammed some incorrect data of their ITR like use of flawed ITR type, flawed checking account quantity, and so on., they nonetheless have an choice to do this. As per the revised earnings tax guidelines, a taxpayer can revise one’s earnings tax return underneath Part 139 (5) of the earnings tax act, 1961.
Talking on the revised earnings tax return submitting guidelines, SEBI registered tax and funding professional Jitendra Solanki stated, “A taxpayer is allowed to revised one’s earnings tax return underneath Part 139 (5) of the earnings tax act, 1961. Underneath this rule, those that have filed their ITR earlier than or after the due date are eligible for revising one’s earnings tax return.”
On deadline or final date to file revised earnings tax return for the evaluation yr (AY) 2022-23, P_ankaj Mathpal, Founder & CEO at Optima Cash Managers stated, “An earnings taxpayer can file a revised ITR prior to a few months of completion of the evaluation yr. Therefore, for AY 2022-23, final date to file a revised ITR is thirty first December 2022,” He stated that one can file a revised ITR on-line by logging in a the earnings tax e-filing portal — https://www.incometax.gov.in.
Right here we record out essential data in regard to revised ITR submitting for AY 2022-23:
1] Eligibility: Those that filed ITR on, earlier than or after thirty first July 2022 are eligible for submitting a revised ITR.
2] Revenue tax rule on revised ITR submitting: Part 139 (5) of the earnings tax act permits an earnings tax payer to revise one’s earnings tax return.
3] Deadline for revised ITR submitting: A taxpayer can file a revised earnings tax return previous to completion of three months of the evaluation yr. So, within the case of ITR submitting for AY 2022-23, final date to file a revised ITR is thirty first December 2022.
4] Due dates for ITR submitting for AY 2022-23: Due date for unaudited ITR submitting for AY 2022-23 was thirty first July 2022 whereas due date for audited ITR submitting for AY 2022-23 is thirty first October 2022.
5] ITR submitting final date: The final date for ITR submitting and revised ITR submitting is identical i.e. thirty first December 2022.
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