The Income Tax Department has issued notices to most taxpayers for filing wrong ITR in the year 2024. There can be many reasons behind the wrong ITR tagging by the Income Tax Department. This includes mismatch of any information filled by you in the ITR form or claiming refund without TDS certificate. Let us tell you that if you do not correct your ITR in time, then you may be deprived of Income Tax Refund.
How many days time is given for ITR correction?
The Income Tax Department issues a notice to the concerned taxpayer under section 139 (9) for faulty ITR. After receiving this notice, you have to correct the mistakes within the given timeline. Let us tell you that the department usually gives 15 days to correct the ITR.
Also Read: CBDT Clarifies: Who Needs Income Tax Clearance for Overseas Travel?
ITRs are being filed incorrectly due to tax regime
Sujeet Bangar, founder of ITR filing website Tax Buddy, agreed to this and said, “Due to faster processing of ITR, a large number of tax notices are being sent simultaneously this year. Earlier ITR processing used to take more time, so notices were sent over several months. One of the main reasons for many people getting faulty ITR notices this year is that this is the first year when the new tax regime is the default tax regime. Earlier it was the old tax regime. Some taxpayers still have some confusion about the tax regime chosen.”
How to correct ITR?
To correct the faulty income tax return, first you have to go to the e-filing portal, after which you login with your ID-password. After this, go to the e-file option and select your file income tax return. After this, choose ‘filed in response to notice under section 139 (9) for rectifying the defect’. After this, the notice you would have received from the department will contain the details of the errors in the submitted ITR. If you agree with these errors, then you will have to correct it and file a revised ITR.