Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Sunday, 3 September 2017

Rectifying Income Tax Returns


After an income tax return is filed, it is processed by the CPC, Income Tax Department. However, after processing, if an assessee realizes that some income was not reported, or some deduction was not availed of in the return computation, it is possible to file a rectification request.

After the filing of the revised return, the Income Tax authorities may revise the intimation or order (if already passed), if they find merit in the revision.

Prerequisite

To file for a rectification, the assessment of the original return should have been processed at the CPC, Bengaluru.

Online portal

Rectification of the return can be carried out online on the income tax portal https: incometaxindiaefiling.gov.in. The assessee should log in using his login name and password and go to `Rectification' option under the tab `E-File'.

Details

The type of return you are filing (income tax or wealth tax), and the assessment year pertaining to the rectification needs to be added. Latest communication reference number needs to be mentioned.This is the number of the last communication received from the Income Tax Department.

Rectification request

After validating the details, the assessee should enter the rectification request type and enter the required details. Once the details to be rectified are entered and submitted, an acknowledgement number is generated for future reference.

Verification

Once the rectification request is filed, it needs to be verified either through the assessee's Net banking portal or using the Aadhaar OTP income tax verification mechanism. The filed revised return is sent by e-mail to the assessee's registered email ID.


It is also possible to file rectification application through the physical mode.

The IT Department has allowed rectification of returns filed after the due date.


Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds

Top 10 Tax Saver Mutual Funds for 2017 - 2018

Best 10 ELSS Mutual Funds to invest in India for 2017

1. DSP BlackRock Tax Saver Fund

2. Invesco India Tax Plan

3. Tata India Tax Savings Fund

4. ICICI Prudential Long Term Equity Fund

5. Birla Sun Life Tax Relief 96

6. Franklin India TaxShield 

7. Reliance Tax Saver (ELSS) Fund

8. BNP Paribas Long Term Equity Fund

9. Axis Tax Saver Fund

10. Birla Sun Life Tax Plan



Invest in Best Performing 2017 Tax Saver Mutual Funds Online

Invest Best Tax Saver Mutual Funds Online

Download Top Tax Saver Mutual Funds Application Forms


For further information contact SaveTaxGetRich on 94 8300 8300


OR

You can write to us at

Invest [at] SaveTaxGetRich [dot] Com

OR

Call us on 94 8300 8300

No comments:

Post a Comment

Mutual Fund Application Forms Download Any Applications
Invest in Tax Saving Mutual Funds Invest Online
Infrastructure Bond Application Forms Download Applications

Popular Posts