Now Income tax taxpayers can discard tax returns if your Income Tax Return status is ‘unverified’. Tax Dept. Portal now features a “Discard ITR” option for unverified belated/original/revised (u/s 139(1) /139(4) / 139(5)) ITR’s starting from AY 2023-24.
‘Discard Return’ option on the Tax dept portal, which permitted income tax taxpayers to rectify errors in their Income Tax Return & file a fresh Income Tax Return.
Income tax taxpayers’ users can avail option of ‘Discard’ for Income Tax Return’s being submitted under section 139(4) /139(1) / 139(5) if they do not want to verify ITR. Discard option is only available for Income tax taxpayers with unverified ITR returns from AY 2023-2024 onwards. while there are no specific income tax provisions under Tax Law for option of discard return, This income tax law change is an attempt to streamline process of filing ITR’s. It is compulsory to submit subsequent fresh Income Tax Return, after discarding previous unverified Income Tax Return. Moreover, Incase Income tax taxpayer wishes to file a revised ITR return in future date, Taxpayer must provide information of original filing acknowledgment number & date of the valid Income Tax Return.
For more details and FAQs on discarding a Tax return, You may visit the official Income tax FAQ page which mention here under : https://www.incometax.gov.in/iec/foportal/help/discard-return/faqs
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