Tax Finance Info: Rectification Return

Showing posts with label Rectification Return. Show all posts

Common Errors in filing Rectification Return - Tax Finance Info.

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<span style="font-size: large;"><b>Common Errors in filing Rectification Return - Tax Finance Info.</b></span></div>
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<img border="0" height="163" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFjRmrX0z9Twnd3Szv5mxwxYiFCs336_wYM7GubAtITO5jUKalBQDtnBg9AYcmQk6tCs0P-WCW8Wo0i-pAC_S4wh3DVz2jHCu_7xbZ1KvqfTnKOpbZd-TNYQf2IuCC1EnY1JG_ze7_qP8h/s1600/Screenshot_2.jpg" width="320" /></div>
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<span lang="EN-US">            Many a times assessee makes
certain mistakes in filing the Income Tax Return, but fails to detect and file
the revised return before assessment procedure. In such cases the assessee
applies to the Income Tax Department for allowing him to file the rectification
return where the assessee can rectify the mistakes. Assessee makes many common
errors in filing the rectification return. Let us have a look at different
mistakes made while filing rectification return and their precaution. <o:p></o:p></span></div>
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<div class="MsoListParagraphCxSpFirst" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">The assessee may make
mistakes in filling the basic details such as:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">The mistake may be in
selecting the assessment year. It happens the order may be received very late
and by mistake the next assessment year is selected by the assessee.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">The most common
mistake may be committed while entering the Communication Reference Number.
Communication Reference Number is quoted on the order issued by the CPC under
section 143(1) or 154. So the assessee has to insert the latest reference
number in the case of re-rectification and not the old one as such Reference
Number is communication specific and not assessee specific. So it changes in
every communication. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Select the proper ITR
form applicable.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Enter the correct
date of order date of CPC.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">In case of
re-rectification enter the proper date of the prior CPC order.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="margin-left: 72.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-left: 18.0pt; text-align: justify;">
<span lang="EN-US">As a precaution to some
of the above mistakes the assessee must use the option of “Import Previous
Version” and you have to select the path where previous version is available.
This facility is provided by the Income Tax Department in filling the Income
Tax Return form. This will decrease the chances of mistakes in basic details.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: 72.0pt; mso-add-space: auto; text-align: justify;">
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<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">The assessee many a
times makes mistake of filing only a part of return or a schedule of return
that requires to be changed. But it should not be the case the assessee has to
file the whole return again and not only the part of return that requires
change.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Many a times assessee
files rectification return when he comes to know that the Bank Details entered
by him / her was erroneous and so the refund has not been received. But that is
not the correct way to change details of Bank because the Bank details of
original return are only considered and not that of rectification return. So
the proper way of intimating change in Bank Details can be by the following
procedure:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Login to the site </span><span lang="EN-US"><a href="http://www.incometaxindiaefiling.gov.in/">www.incometaxindiaefiling.gov.in</a></span><span lang="EN-US">.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Go to “My Accounts”
option in Menu Bar.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Select the option
“Refund Re-issue Request”.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">ü<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Change the Bank
Account and / or address details as required to be changed.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 72.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">It may happen that
assessee may find change in income as compared to that filed in the Income Tax
Return. They are misguided and they file the Rectification Return. But the
proper way to deal with the matter is that, a Revised Return is still an option
to file changes in income.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">The pre-requisite of
a Rectification return is that, there should not be change or revision in
income or any claims except the one where mistake is to be corrected. So be
aware and try your best to file the Revised Return as per the provisions of
Income Tax Act in case of change in income or claims.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Many a times assessee
try to place the second rectification request if it takes some time to process
the prior one. But always remember that you will never be able to place another
application for Rectification Return before the prior rectification is
processed.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 18.0pt; mso-add-space: auto; text-align: justify;">
<br /></div>
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<div class="MsoListParagraphCxSpLast" style="margin-left: 18.0pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">An assessee is given
a facility to withdraw the Rectification Request within one day, if anything
needs to be amended. So don’t try to withdraw it after the day has passed.<o:p></o:p></span></div>
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Common Errors in filing Rectification Return - Tax Finance Info.

Common Errors in filing Rectification Return - Tax Finance Info. Many a times assessee makes certain mistakes in filing ...

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Process of filing Rectification Return - Tax Finance Info.

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<span style="font-size: large;"><b>Process of filing Rectification Return - Tax Finance Info.</b></span></div>
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<div class="separator" style="clear: both; text-align: center;">
<img border="0" height="164" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ9rims1_TT9JSazyH-Qs_AmympAu_Sw5C0EV93GxuYfQSdGHYZOEiiyxtapxCwz-7S5yAbIxXEwfRBHIeekwFco7Zn83UvosUXB5wWgD4ClFuJK5zGYXPR_-NNXOmm_myR9_kE1GeHfCF/s1600/Screenshot_1.jpg" width="320" /></div>
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<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Assessee needs to rectify the
Income Tax Return on receiving the order from Income Tax Department under
section 143(1) or 154. The procedure of filing Rectification Return is little ambiguous
compared to the regular return. Let us make it easy for you by the Stepwise
procedure for filing the rectification return.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify;">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Applyfor
Rectification Request with CPC.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">On receipt of
Rectification Order / Intimation examine the calculation provided by the Income
Tax Department.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Download the Income
Tax Return Form from the </span><span lang="EN-US"><a href="http://www.incometaxindia.gov.in/">www.incometaxindiaefiling.gov.in</a></span><span lang="EN-US"> site.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Fill the form by
making all the necessary rectifications. It is advisory to import the previous
version of return which is already submitted and saved. This will decrease the
chances of making mistakes.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Be careful there is
not any revision in the Income or any claim.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">After duly filing all
details, Validate and Generate the XML file that is to be uploaded. This is to
be done because the assessee has to upload whole return and not only the
schedule or field that requires changes.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Login to site </span><span lang="EN-US"><a href="http://www.incometaxindiaefiling.gov.in/">www.incometaxindiaefiling.gov.in</a></span><span lang="EN-US">.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Go to “My Account”
option on Menu Bar.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select “Rectification”
option and then choose “Rectification Upload” option.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">A box will appear
with the heading “Submit Your Rectification Request”.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select proper
assessment year and insert the correct latest Communication Reference Number
that is quoted on the latest order by CPC.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Enter the details of
Tax Credit and Tax Liability as per the directions given. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Click on “Submit”
button.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">You will be
redirected to provide further details.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select the proper
“Rectification Request Type” from the list provided. And you also have to write
the reason for such rectification.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select the proper
schedule that is required to be changed. You will be allowed to select more
than one schedule if the same are required to be rectified.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Enter the due date of
filing the return, if the same is applicable.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select the options
that are applicable.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Be aware while
selecting proper ITR form as it is the base for filing the return without any
errors.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">In case if there is
change in the type of ITR form, select the option “ITR Type Change”. And if the
same is applicable then select the ITR Form in the above step that is to be
uploaded while rectification.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">If there is change in
your address than don’t forget to check the option “Address Change Flag”
otherwise the same would not be considered and the address as per the old
return will be in use for communication by the Income Tax Department.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Select the option
“Browse” given opposite to the “Select and Upload the Rectification XML File”
and select the XML File that is to be uploaded.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Click on “Upload”.
And the return will be uploaded.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">If there are no
errors and everything is satisfactory than a link to acknowledgement will be
provided.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">You will further be
provided with Rectification Reference Number and Acknowledgement Number that
will be useful in future.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">Once the
Rectification Return is submitted, there can be three consequences. They are:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 90.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">  
</span></span><span lang="EN-US">If the assessing officer is satisfied by the Rectification
Return than the Rectification Return may be processed and you will receive an
acknowledgement.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 90.0pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: "Courier New"; mso-fareast-font-family: "Courier New";">o<span style="font-family: 'Times New Roman'; font-size: 7pt;">  
</span></span><span lang="EN-US">If the return states 
certain unsatisfactory things than there can be two consequences such
as:<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 126.0pt; mso-add-space: auto; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">You may again receive
a Rectification order under section 154 or<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="margin-left: 126.0pt; mso-add-space: auto; mso-list: l0 level3 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="font-family: Wingdings; mso-bidi-font-family: Wingdings; mso-fareast-font-family: Wingdings;">§<span style="font-family: 'Times New Roman'; font-size: 7pt;">  </span></span><span lang="EN-US">Unfortunately the
Rectification may be rejected.<o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpLast" style="margin-left: 22.5pt; mso-add-space: auto; mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<span lang="EN-US" style="color: #4f81bd; font-family: Symbol; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol; mso-themecolor: accent1;">Þ<span style="font-family: 'Times New Roman'; font-size: 7pt;">    </span></span><span lang="EN-US">You are provided with
an option by the Income Tax Department that, you can withdraw such
Rectification Return within 7 days of submitting such return in the cases where
you need to amend the rectification or if the same is being uploaded
mistakenly.<o:p></o:p></span></div>
</div>

Process of filing Rectification Return - Tax Finance Info.

Process of filing Rectification Return - Tax Finance Info. Assessee needs to rectify the Income Tax Return on receiving the order fr...

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