Income tax return filing rules revised: check details

The deadline to file an income tax return (ITR) for the assessment year 2022-23 for individual taxpayers was July 31. Due date for unaudited ITR filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. Income tax return filing rules revised: check details.

As per the revised income tax rules, a taxpayer can revise one’s income tax return under Section 139 (5) of the income tax act, 1961. Under this rule, those who have filed their ITR before or after the due date are eligible for revising one’s income tax return.” Here we list out important information in regard to revised ITR filing for AY 2022-23:

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1. Eligibility: Those who filed ITR on, before or after 31st July 2022 are eligible for filing a revised ITR.

2. Income tax rule on revised ITR filing: Section 139 (5) of the income tax act allows an income tax payer to revise one’s income tax return.

3. Deadline for revised ITR filing: A taxpayer can file a revised income tax return prior to completion of three months of the assessment year. So, in the case of ITR filing for AY 2022-23, last date to file a revised ITR is 31st December 2022.

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4. Due dates for ITR filing for AY 2022-23: Due date for unaudited ITR filing for AY 2022-23 was 31st July 2022 whereas due date for audited ITR filing for AY 2022-23 is 31st October 2022.

5. ITR filing last date: The last date for ITR filing and revised ITR filing is same i.e. 31st December 2022.

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