Today in this Article we will discuss about Rectification in Income Tax Return with the Time Limit or Processing for Rectification Request. There are many times when during the Filing of the ITR we made silly mistake ex not added the challan details etc & submitted the ITR with outstanding demand. So Let’s learn How to Raise Rectification Request and What is the time limit for raise with Processing time.

What is Income Tax Rectification

Rectification is a feature of Income tax Portal which provide to you correct your any kind of Mistake in the ITR Filing. Rectification Request can be raised Only after Filing the ITR & Once ITR has been processed and issued u/s 143(1) Intimation Letter by the CPC or an order passed u/s 154 by Assessing Officer.

The following errors can be corrected by using the rectification facility –

  1. Correction of the Challan or Adding the Challan
  2. TDS Mismatch Correction
  3. Personal Information of the ITR
  4. Wrong Schedule of the Income
  5. Arithmetical error
  6. Clerical errors
  7. Disallowance of loss claimed etc.
  8. Incorrect Claims
  9. Mistake of Facts
  10. Mistake of law
  11. Subsequent decisions of supreme court
  12. Retrospective amendment of law

Some Changes which can’t be changed with Rectification Request –

  • Additional Income
  • Additional Deduction
  • Reduce of any Total Income which is Filed in Original ITR.

Time Limit for filing Rectification of Income Tax

According to section 154(4) of Income Tax Act,1995 a rectification order must be passed :

  • The rectification order may be passed before the expiry of 4 years from the end of the financial year in which the rectification order is passed.
  • The period of 4 years will be from the date of the order which is to be rectified and not from the date of the original order.
  • If the application for rectification is made by the taxpayer, the authority shall modify the order or prohibit it to allow the claim within 6 months from the end of the month in which the application is received.

To Raise Rectification Request by Expert Contact Us Here

How to file rectification in income tax return ?

Here we will discuss how to file for rectification request under section 154(1) of Income tax act, respectively-

Step 1 – Have to login to Income Tax website
Step 2 – You have to go to ‘Services’ in the main menu and then click on ‘rectification’ in the dropdown.
Step 3 – You will have to click on the New Request button.
Step 4 – Now you will have to select ‘Order passed under’ as ‘Income Tax’. After selecting the relevant assessment year from the dropdown for which correction is to be filed and keep continuing.
Step 5 – Request of rectification can be classified into the following parts –

Step 5.1– As per Income Tax Reforms – Reprocess the return

  1. Now you have to select Reprocess Returns as the request type,and
  2. submit the request of rectification
  3. After submitting the request, you will be taken to the e-verification page.

Step 5.2– According to Income Tax Reforms – Tax credit mismatch will have to be rectified.

  1. Tax credit mismatch correction has to be selected as the request type.
  2. The processed returns related to the schedule are filled automatically based on the available records.
  3. After selecting a schedule, click on ‘Edit’ or click on ‘Delete’ to make further changes.
  4. Details have to be entered in these schedules – TDS on salary details, TDS on other than salary details, TDS on transfer of immovable property, TCS, self-assessment details or advance tax and click on ‘Save as Draft’,&
  5. You have to click on the Continue button to submit the request.

Step 5 – Select any one of the ‘Request Type’ options from the list and click on the submit button of the request.

Creation of reference number also ascertain completed submission of your rectification request with income tax authorities. You will receive the order under section 154 only after the request is successfully processed.

ITR Rectification Processing Time

As per the instructions, it is said that under section 154(8) when the assesses applies to the income tax authority for rectification, the authority should respond to the rectification application within 6 months from the date of filing the application. The authority has the power, whether it can make amendments or it can refuse to allow the claim. Hereinafter, if rectification action is not taken by the Assessing Officer within 6 months, then you can take action.

Difference in Revised and Rectification Request in ITR

Revised can be filed only till the December of the Relevant Assessment Year within due date but if we talk about the Rectification request then its can be easily filed within the 4 year anytime. Apart from this in Revised Income tax return you can change anything but in the Rectification Request there are limitation on the Changes.

So Hope Now your all doubts has been cleared Regarding the Rectification in Income Tax Return with Time Lime and Processing.