The Income Tax Department has recently introduced a user-friendly online Challan Correction feature on the Income Tax Return (ITR) portal, designed to streamline the process of rectifying errors in your income tax challans. Here are some key points to note:
Swift Error Rectification: This new functionality allows taxpayers to rectify errors in their income tax challans within a convenient seven-day window from the date of their tax payment.
Applicability: The online Challan Correction feature is applicable to challans related to Assessment Year (AY) 2020-21 (Financial Year 2019-20) and onwards.
Key Details Correction: With this option, you can rectify three crucial details:
This enhancement aims to simplify the process of correcting errors and ensures a smoother tax filing experience for taxpayers.