File IT Returns on Time Even If You Lack All Details


It is mandatory from this year to mention the PAN numbers of recipients of donation done by you along with the details of foreign assets if you have any. So if you think not to file the return until you gather all these details, it will not prove to be a wise decision.

File Now, Modify Later

If so far you have not filed your return, then do not delay it anymore. Even if you don't have sufficient details, file the return before 31 July so that you don't lose out on the benefits mentioned earlier. You can also file a revised return later with all the missing details. Keep in mind that you can file a revised return only if the assessment has not been completed. It is best to file online to ensure the benefit.

Your online return will not be get processed till you send the ITR V to the Central Processing Centre in Bangalore. You can do this within the duration of 120 days from the day of filing the return. This means that you will have sufficient time to gather all the documents and details, and file a revised return.