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Missed claiming refunds in ITR Filing File Revised ITR Now!

If you missed claiming certain refunds while filing your Income Tax Return (ITR), thereu2019s no need to worry. You can file a revised ITR to correct errors or include missed claims, such as tax deducted at source (TDS), advance tax, or eligible deductions. Filing a revised ITR ensures you get the refunds you are entitled to and avoids complications with the Income Tax Department. It is crucial to act promptly, as the revised return must be filed within the stipulated time frame under the Income Tax Act. This process is simple, secure, and can help you recover your rightful tax refunds without del

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Missed claiming refunds in ITR Filing File Revised ITR Now!

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  1. Start Your Business 069 Call Experts 8881-069- Helps you start business hassle free www.e-startupindia.com

  2. Start Your Business 069 Call Experts 8881-069- Missed claiming refunds in ITR Filing? File Revised ITR Now! It’s common that after you have done ITR Filing, you might have made some mistakes such as: Missed claiming a tax refund, Forgotten to include deductions or exemptions, or Reported incorrect income details. So, no need to panic. The law under Section 139(5) gives you the right to file revised income tax return and correct your ITR filing before the deadline. Let’s learn all about it in this article. www.e-startupindia.com

  3. Start Your Business 069 Call Experts 8881-069- Common Mistakes Fixed Through Revised ITR Filing You can correct a wide range of errors in your filed ITR through revised income tax return, such as: Missed refund claims due to not reporting TDS/TCS credits. Not claiming deductions/exemptions under Sections 80C, 80D, 80G, 24(b), etc. Using the wrong ITR form initially. Income misreporting, like showing capital gains as other income. Mismatch with AIS/Form 26AS details. Who Can File Revised Income Tax Return? Revised ITR filing can be filed in these two cases: Taxpayers who filed their original return on time under Section 139(1). Taxpayers who filed a belated return under Section 139(4). www.e-startupindia.com

  4. Start Your Business 069 Call Experts 8881-069- Who can not file revised income tax returns? If you filed your ITR in response to notices under Sections 142(1), 148, 153A etc., you cannot revise it under Section 139(5). What is the deadline to file revised ITR? The time limit for revised ITR filing is the earlier of: 31st December of the relevant assessment year, or Completion of assessment by the tax department. For Example: For AY 2025-26 (FY 2024-25), the deadline to file revised income tax return is 31st December 2025 (unless the assessment is completed earlier). What can not be fixed by filing a Revised ITR? You cannot convert a belated return into a return of loss (for claiming carry forward of losses). Certain tax regime choices (like opting for Section 115BAC) must be exercised by the original due date and cannot be changed later through revision. www.e-startupindia.com

  5. Start Your Business 069 Call Experts 8881-069- You cannot revise once assessment is already completed. Benefits of Filing Revised Income Tax Return Get your pending refunds If you missed reporting TDS or TCS in your original ITR, you might miss major refunds. So, when you file a revised income tax return, you include those entries and ensure the refund reaches your account. Correct your income details If you reported your income under the wrong head or missed out on disclosing some income, you can correct it through revised ITR Filing. This helps you avoid penalties for misreporting and keeps your tax profile clean. Claim the deductions you forgot earlier Did you forget to claim investments under Section 80C, health insurance under Section 80D, or home loan interest? By filing a revised ITR, you make sure you don’t lose the tax benefits you deserve. www.e-startupindia.com

  6. Start Your Business 069 Call Experts 8881-069- Enjoy peace of mind Once you revise your ITR, you know that your details are accurate. You don’t have to wait for a tax notice to point out mistakes, you can then fix them yourself on time. Best Practices for Smooth Revised ITR Filing Best Practice Cross-check Form 26AS and AIS File as early as possible. Keep documentation ready Don’t overuse revision Check assessment status www.e-startupindia.com

  7. Start Your Business 069 Call Experts 8881-069- Why It Matters To ensure all TDS/TCS credits and income sources are captured. Early filing gives time to spot errors and revise before the deadline. Deduction proofs, donation receipts, Form 16, bank interest certificates may be asked in scrutiny. Though you can revise multiple times, repeated revisions may invite scrutiny. If scrutiny or assessment has started, revision rights may be curtailed. www.e-startupindia.com

  8. Start Your Business 069 Call Experts 8881-069- Other Important Tips for Smooth ISO 45001 Audit Keep your paperwork ready. Training records, safety checks, and risk reports should be easily accessible. Perform a trial run. Check yourself before the actual audit. Look through your system to see what’s missing. Include everyone. Ensure that all personnel understand their safety responsibilities. Auditors may ask anyone, not just management. Follow the rules. Keep your list of safety laws up to date so you can prove you’re following them. Demonstrate progress. Share how you’ve improved safety by reducing accidents, providing better training, or using safer tools. www.e-startupindia.com

  9. Start Your Business 069 Call Experts 8881-069- If you need further assistance or have any doubts, our experts are here to help you. Call us: 8881-069-069. Download E-Startup Mobile App and Never miss the latest updates narrating to your business. www.e-startupindia.com

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