The Income Tax department says a request for rectification can be raised by a taxpayer on the e-Filing portal if there are mistakes visible from the records. In simple words, these pertain to arithmetical accuracy, tax calculation and issues of refund or demand notice. A rectification request can be submitted only for returns that are already processed by CPC.
Only after ITR is processed
Once the ITR is processed by CPC, a taxpayer can submit a rectification request through the e-Filing account. The IT department forbids one to submit any request for rectification for any mistake that can be set right with a revised return.
The ITD says “reprocess the return” request can be selected if tax deductions have not been processed, or genuine claims of TDS/TCS/Self-assessment tax/Advance tax were not allowed at processing stage.
Don’t claim credits not part of 26AS statement
The ITD says, “Please re-enter all the entries in the schedules. All the corrected entries as well as other entries mentioned in the ITR filed earlier are to be entered. Make the necessary corrections in the data. While doing corrections, make sure not to claim credits which is not part of the 26AS statement.”
However, once a rectification request has been submitted, a taxpayer does not need to verify it. Moreover, the Income Tax Department has clarified that one cannot submit a rectification request for any AY till the CPC acts upon a request filed earlier.
No request for rectification request is entertained in paper communication. Each and every communication to the CPC has to be made in electronic form in the prescribed format.
Can’t be filed 4 years after end of FY
A rectification request can’t be filed after 4 years have passed from the end of the FY in which the intimation u/s 143(1) was passed.
The Income Tax Department emphasises that a rectification request is different from filing a revised return. A rectification request can only be filed in response to a notice or an order or an intimation from CPC for a specific e-Filed ITR.
The CPC sends a taxpayer an sms or email to inform him/her of a 15-digit rectification reference number. One can also find the rectification number under Rectification Status in the e-Filing account.
The Income Tax Return e-filing portal allows a taxpayer to correct mistakes that are apparent from the records. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
