Request to Taxpayers to avail facility for online rectification
An important announcement regarding the rectification of their tax filing is being made by the office of Ministry of Finance on 1st April, 2016. Sometimes there is wrong entry of tax data or tax return amount in the system due to mechanical or human errors. So the government has given a chance to rectify the errors in the taxation of the tax payers for the financial year 2015 – 2016. This announcement of rectification process will be available in online mode from the webpage of the Income Tax Dept., Govt. of India.
E – Filing portal for online rectification
The Govt. has developed an online portal where the tax payers can log in and opt for change of data and its rectification. The rectification process will be enacted under section 154 of the I T Act. The users can not only do rectification in their tax accounts, but also can track the request of rectification later on. To enter in the account, one must possess pan card number of the taxpayer. Those who feel that the Income tax returns made by the Govt. need rectification and follow the rectification through a online tracking system.
Major facts about the Tax rectification
This new tax database rectification is a scheme launched by the Finance Ministry for those tax payers who are finding anomalies in either tax returns or if there is any existing mistake regarding the TDS data during entry. So there is an option to make corrections regarding those mistaken data. A rectification request must be submitted through proper channel i.e. through the rectification portal of the Dept. of Income Tax. Below are some rectification details under the section 154 of I T Act:
|Sl. No.||Income Tax rectification fields||Related data|
|1||Under Section||154 of Income Tax Act|
|2||Mode of rectification request||Online|
|3||Web portal for rectification request||https://incometaxindiaefiling.gov.in|
|4||Place of Income Tax processing||Centralized Processing Centre (CPC), Bangalore|
|5||Number of rectification requests processed so far||More than 6.5 lakh|
|6||Types of Rectification request||Taxpayer Correcting Data for Tax Credit mismatch only, Taxpayer is correcting the Data in Rectification and No further Data Correction required. Reprocess the case|
Nature of errors that can be rectified
Errors which are apparent in nature can be rectified by the tax payers either by themselves or with the help of authorities of the Tax Dept. The nature of errors which can be rectified under the section 154 are calculation mistakes, human errors (overlooking, overwriting), fact error like wrong spelling of name or age, not showing the savings or investments at the time of tax filing, etc. The entire process of rectification requests is handled by CPC Bangalore. But crucial details like account number of banks or change of address cannot be done.
Steps to perform rectification
After logging in to the account, go to “Rectification Request”. Select the year and press “Submit”. Select the required rectification option. Alter your choices there and click “Submit” to save the data. A acknowledgment for rectification submission will be generated.