Revise FY20-21 Income Tax Return: Name Errors & Solutions

This query is : Resolved

Quick Summary

This discussion addresses how to rectify errors on Income Tax Returns filed for the Financial Year 2020-21, particularly after the CPC has processed them. It covers situations where names were entered incorrectly, leading to discrepancies with PAN details, and explores options like filing an updated return (ITR-U) with penalties or contacting the CPC helpline for rectification. The advice also includes checking and updating PAN records if the name mismatch originates there.

Husseini

Husseini (Querist)
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27 May 2022 Can we revise Income Tax Return for the F.Y 2020-21. The CPC has already processed the return u/s.143(1)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 May 2022 Revised return filing time is over. Either you rectify the return or file updated return ITR U with payment of 25% extra tax with interest.

Husseini

Husseini (Querist)
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27 May 2022 While filing of IT return client name has interchanged middle name of person by mistake enter as first name. Now person wants to take loan from bank. The name as per PAN and IT return filed are different. How to rectify this error

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 May 2022 Name is not entered in ITR form, only PAN number entered.
So check Change required in PAN name.
If required change the name in PAN records through online TIN website.

Husseini

Husseini (Querist)
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27 May 2022 I was wrongly entered taxpayers father name as first name and middle name as taxpayer name. while the migration on new income tax website the profile name has changed & according to 26As data, we have filed income tax return. how to resolve

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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27 May 2022 Contact CPC helpline and try rectification route.

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