Income Tax e-filing: How to right a wrong return

News, Taxation

The taxman acknowledges that to err is human, and gives you a chance to fix it
You may well let out a whoop of exhilaration after filing your tax return: it’s a well-merited response, considering the consequences of missing your paperwork deadline – and the relief of filing it in time. But what if that relief is short-lived, and you then find that you have committed some errors or made some omissions while filing your return? Or what if the department finds a mistake in your return or demands more taxes? Your obligation to the taxman is not fully over until the department processes your return and agrees with your numbers. Here’s what you need to be vigilant about after filing your returns, and here’s how you can rectify any errors you may have made.

Read More