Income Tax News: If you have got an income tax refund amount that is less than what you were expecting at the estimation taken through email by the Income Tax Department, the assessee may have a valid cause for filing a rectification request. The rectification request will be a process allowing taxpayers to make mistakes in their Income Tax Return and further claim a revised refund amount if there are errors in the first order of assessment.
Understanding Rectification Request
What is a Rectification Request?
Section 154 of the Income Tax Act Under a rectification request, one seeks formal correction of mistakes apparent from the records in your ITR. This may include errors in calculation, wrong deductions, or incorrect entries made in your return. The rectification process adjusts such errors to reflect accurate tax liability and the amount of refund.
When Can You File a Rectification Request?
In case of any discrepancies, like if the refund amount received is less than expected or there are errors in the intimation received from CPC, you can raise a rectification request.
Steps to File a Rectification Request
Log in to e-Filing Portal: Enter the Income Tax e-Filing portal and log in with your credentials.
Navigate to Rectification: Under the ‘Services’ tab, go to the section ‘Rectification Request’.
Select the Relevant Assessment Year: The year for which you are filing the rectification.
Provide Details: Point out errors in ITR, which you want to correct.
Submit the Request: Fill in the required information and submit the request for rectification.
Documents Required
On a general basis, you would need an ITR acknowledgment and intimation notice showing the discrepancy. Also, you would require supporting documents for errors being corrected.
Processing Time
On submission, the CPC will process the rectification request and will send an updated intimation or refund to you. The time taken varies depending on the nature of corrections and the quantum of requests.
Things to Keep in Mind
Checking: Ensure that all details in your rectification request are accurate so as to avoid further delays or complications.
Follow-up: Track the status of the request for rectification through the e-Filing portal and follow up in case of heavy delays.
The filing of the rectification request is an important step when one is not satisfied with the refund amount or if there are errors in your tax records. Thus, addressing these discrepancies assures you get the correct refund and maintain proper tax records.
