What if I show less income in ITR?

Nil Returns must be filed within the due dates specified under section 139(1) of the Income Tax Act. The taxpayers can also file a belated return within the due dates specified under section 139(4). However, if the total income of the taxpayer is less than Rs 5 lakh, the penalty shall not exceed Rs. 1,000.

How do I correct gross total income?

Income Tax Department

1. Go to the ‘e-File’ menu and Click ‘Rectification’ link.
2. Choose the options of ‘Order/Intimation to be rectified’ and ‘Assessment Year’ from the dropdown list. Click ‘Continue’
3. Select any one of the following options of ‘Request Type’ from drop down list. •

Can I revise my ITR before e verification?

Every assessee who has filed his/her ITR is entitled to revise it under section 139(5) to provide correct information to the tax department. Previously, only those taxpayers who had filed ITR before the expiry of the deadline were allowed to revise their returns.

Can we change gross total income in rectification?

If on rectifying a ‘mistake’ there is a change in Income – a rectification should not be filed. In this case, a Revised Income Tax Return should be filed. No new deductions or exemptions are allowed to be claimed.

How can I delete ITR before e verify?

Once a tax return has been submitted and you have received an acknowledgement number for it, you will not be able to cancel the tax return. If you have made a mistake while filing the return and need to change it, you can correct it and file a revised return. Do note that return filed after due date cannot be revised.

Can I resubmit my taxes if I made a mistake?

If the due date for filing your tax return has passed, you can submit an amended tax return to correct most mistakes. You can’t electronically file an amended tax return. You must mail it to the IRS. Instead, file another original tax return with your correct information.