Income Tax: Realised a mistake after IT return processed? This Section will help you rectify

A rectification request under section 154(1) is allowed by the Income Tax Department for correcting mistakes when there is an apparent mistake in your Income Tax Return.

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Central Board of Direct Taxes on Tuesday in a statement said that individual income tax return filing jumped by 25% this time after the I-T department took steps after demonetisation against tax evaders.

The process to file Income Tax Return (ITR) for the financial year 2016-17 is over. Now, it is time for Income Tax Department to review it.

There are chances I-T department must have sent you a notice in case they find any error in your filing. As the process of ITR filing is complicated, a taxpayer making mistakes is not something to be worry about.

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Archit Gupta,Founder and CEO Cleartax, said that once the income tax returns have been processed by the tax department, the taxpayer can make changes by filing a rectification request under Section 154(1).

A rectification request can be filed for Returns which are already processed in CPC, Bangalore.

The following errors can be rectified by filing this request:

Factual errors like incorrect gender
Arithmetic mistakes in tax computation
Additional details of capital gains not submitted

"In case there is a change in the taxpayer’s income, then a rectification will not be enough. The income tax returns will have to be revised. For returns that have been e-filed online, a rectification request also has to be filed online by logging into the taxpayer’s account on the income tax department website," Gupta said.

Here's how to file a rectification request under section 154(1) online:

1. LOGIN to e-Filing application https://incometaxindiaefiling.gov.in/ and GO TO –> E- FILE –> Rectification.

2. Step 2 – Select the Assessment Year for which Rectification is to be e-Filed, enter Latest Communication Reference Number (as mentioned in the CPC Order). In case you have received more than 2 orders use the latest order number.

3. Click ‘Submit’.

4. Select the ‘Rectification Request type’