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Who needs to file revised ITR after Income Tax Department's message?

The Income Tax Department has alerted several taxpayers that their refunds are on hold due to discrepancies in their income tax return filings. Taxpayers have been instructed to file a revised income tax return by December 31 to rectify these issues, as part of a new initiative targeting incorrect claims for deductions and exemptions.

Who needs to file revised ITR after Income Tax Department's message?

Credit: Livemint

Key Highlights

  • Taxpayers have received alerts about their income tax refunds being on hold.
  • The deadline to file revised income tax returns is December 31.
  • The alerts are part of a data-driven campaign to address incorrect deduction claims.
  • Taxpayers can correct mistakes in their ITR by filing a revised return under Section 139(5).
  • The situation has caused confusion and concern among taxpayers online.
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Sources

  1. Who needs to file revised ITR after Income Tax Department's message?
  2. Got income tax alert for filing revised ITR before 31 December? Step-by-step process explained

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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