Special Rate on STCG

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146 Points Joined December 2016

Is there any option to revise the ITR,,,As u know that preciously STCG was calculated on special rate instead of normal slabs 

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On 01 March 2025 at 12:57 Report
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Master in Accounts & high court Advocate
9596 Points Joined December 2011

Yes, you can revise your ITR if you've made an error in calculating the Short-Term Capital Gains (STCG) tax.

Revision of ITR: - *Section 139(5) of the Income-tax Act, 1961*: Allows for the revision of ITR if any mistake or error is discovered.

- *Time Limit*: You can revise your ITR within 3 months from the end of the relevant financial year or before the completion of the assessment, whichever is earlier. Steps to Revise ITR: 1

. *Login to the Income Tax Portal*: Access your account on the Income Tax e-Filing portal.

2. *Go to 'My Account'*: Click on 'My Account' and select 'View Returns/Forms'.

3. *Select the Relevant ITR*: Choose the ITR you want to revise.

4. *Click on 'Revise'*: Select the 'Revise' option.

5. *Make the Necessary Corrections*: Update the STCG calculation to reflect the correct tax slab.

6. *Submit the Revised ITR*: Verify and submit the revised ITR. Important Notes: -

*Revised ITR will replace the original*: Once you submit the revised ITR, it will replace the original ITR. - *Interest and Penalty may 

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On 01 March 2025 at 13:08
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SEO Sai Gr. Hosp.
210710 Points Joined July 2016

No, now you cannot revise the return for AY 2024-25.

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On 01 March 2025 at 13:35


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