My Personal CA (Financial Education)
The steps to revise an Income Tax Return (ITR): 🔍 **Identify the Need for Revision:** Find out what needs fixing in your ITR. 📋 **Gather Documents:** Collect all your financial paperwork like Form 16, bank statements, and investment proofs. 🖥️ **Access the Income Tax Portal:** Log in to the official portal at www.incometaxindiaefiling.gov.in. 📝 **Choose the Correct ITR Form:** Pick the right ITR form for your situation. 📝 **Select 'Revised Return':** Indicate that you're filing a revised return. 📜 **Enter Original Acknowledgment Number:** Input the acknowledgment number from your initial filing. ✍️ **Make Necessary Revisions:** Correct errors and update details. 🧮 **Recompute Tax Liability:** Recalculate your taxes based on the changes. 🔍 **Validate and Generate XML:** Double-check your form and create the XML file. ⬆️ **Upload the Revised XML:** Put the updated file back on the portal. 🔐 **Verify via Aadhaar OTP or Digital Signature:** Confirm your submission using Aadhaar OTP or a digital signature. 📤 **Submit the Revised Return:** Send in your updated ITR. 📄 **Acknowledge the Revised ITR:** Get an acknowledgment for your records. Remember to double-check the current guidelines as per the Income Tax Department's latest updates. 📅 Good luck with your ITR revision! 🍀
2 years ago (edited) | [YT] | 3
My Personal CA (Financial Education)
The steps to revise an Income Tax Return (ITR):
🔍 **Identify the Need for Revision:** Find out what needs fixing in your ITR.
📋 **Gather Documents:** Collect all your financial paperwork like Form 16, bank statements, and investment proofs.
🖥️ **Access the Income Tax Portal:** Log in to the official portal at www.incometaxindiaefiling.gov.in.
📝 **Choose the Correct ITR Form:** Pick the right ITR form for your situation.
📝 **Select 'Revised Return':** Indicate that you're filing a revised return.
📜 **Enter Original Acknowledgment Number:** Input the acknowledgment number from your initial filing.
✍️ **Make Necessary Revisions:** Correct errors and update details.
🧮 **Recompute Tax Liability:** Recalculate your taxes based on the changes.
🔍 **Validate and Generate XML:** Double-check your form and create the XML file.
⬆️ **Upload the Revised XML:** Put the updated file back on the portal.
🔐 **Verify via Aadhaar OTP or Digital Signature:** Confirm your submission using Aadhaar OTP or a digital signature.
📤 **Submit the Revised Return:** Send in your updated ITR.
📄 **Acknowledge the Revised ITR:** Get an acknowledgment for your records.
Remember to double-check the current guidelines as per the Income Tax Department's latest updates. 📅 Good luck with your ITR revision! 🍀
2 years ago (edited) | [YT] | 3