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Easily correct your income tax returns and refile them with Taxraahi income tax software for free. E-filing revised return made easy by Taxraahi.
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INCOME TAX RETURN A tax return is the tax form or forms used to report income and file income taxes with tax authorities such as the Internal Revenue Service (IRS) in the United States. Tax returns allow taxpayers to calculate their tax liability and remit payments or request refunds, as the case may be. In most countries, tax returns must be filed every year for an individual or business that received income during the year, whether through wages, interest, dividends, capital gains or other profits.
How To File Revised Income Tax Return (ITR) In spite of easy ITR form and quick e-filing option we can make mistakes. We may miss to add tax saving deductions in ITR form. We may miss to account capital loss to carry forward. We may also fill gross salary in place of taxable income. We may also fill the home loan interest in positive value. All these errors can be rectified by filing revised income tax return. You Can File Revised Return Yourself Like the original income tax return you can also file the revised income tax return. If you are a salaried and don’t need a CA for the original income tax return, you can also file revised income tax return yourself. The revised income tax return can be filed online through the LegalRaasta.
Deadline for Revised Income tax Return As you know for any assessment year the deadline for filing income tax return is 31StJuly. But the revised return can be filed till the end of the next assessment year. For example the revised return of assessment year 2014-15 can be filed till 31St March 2016. But there is a condition, assessment of the return should not be done by IT department before filing revised return. Normally, IT department assesses the return within 6 months of return filing. Hence, you should file revised return as soon as you detect the mistake. ITR RefilingwithLegalraasta
So log on now at www.legalraasta.com 8750008585 Or mail us at: contact@legalraasta.com