Revised Return for the returns filed manually (Paper Filed Returns) By CA Ashish Agrawal


The facility to upload Revised Return for the returns filed manually (Paper Filed Returns) is now enabled in e-Filing. The taxpayer is required to suffix ‘0’ (Zeros) in case the acknowledgment number of the original paper filed a return is less than 15 digits. Example – Paper Filed Return Acknowledgement Number is – ‘1123456211’, in e-Filed return the taxpayer needs to suffix the Acknowledgment number as ‘112345621100000’

When a taxpayer discovers any omission or any wrong statement in the original Income Tax Return (ITR) submitted, the same can be corrected by filing a revised return in the e-Filing portal. A Revised Return can be filed at any time before the end of the relevant Assessment Year (AY) or before the completion of the assessment, whichever is earlier.

The last date for revising the Income tax returns for the AY 2017-18 and 2018-19 is 31st March 2019.
Further, the CBDT has also issued press release requiring all the pan cardholders to link their Aadhar Number with their PAN on Income tax web portal till 31 st March 2019. Suitable amendment in the provisions of Income Tax Act has already been incorporated and this linking of PAN with Aadhar has been made mandatory and the Apex Court has also confirmed this action.
 
The Income Tax refund shall be directly credited in the bank account of the assessee and the CBDT has communicated that refund shall be credited only in those bank accounts which are linked to Aadhar. Thus it is necessary that the assessee should link their bank accounts with Aadhar for smoothly obtaining an income tax refund.  

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