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Senior Advisor - Direct & International Tax
Background:
In a bid to make filing taxes easy, the Income Tax Department has rolled out a new feature called “Discard ITR.” This nifty tool lets taxpayers toss out or delete an unverified original, belated, or revised income tax return (ITR) filed for Assessment Year (AY) 2023–24 and beyond. It’s like having a virtual eraser for your tax paperwork, giving you more say in how you handle your tax filings. This feature is handy for ITRs that haven’t gotten the green light through verification yet. Verification is a big deal in the tax filing world because it confirms that you are who you say you are and that the information in your return is up-to-up.
If you spot any mistakes or things you missed in your filed ITR before it’s verified, Just hit ‘Discard’ and file a fresh ITR with the right details.
If changes are required to be made in tax calculations, income, deductions etc. this feature might be useful.
The ‘Discard ITR’ feature is all about accuracy. It lets you set things straight before your ITR is considered final.
A 1 : Yes, user can avail the option of “Discard” for the ITRs being filed u/s 139(1) /139(4) / 139(5) if they do not want to verify it. User is provided a facility to file an ITR afresh after discarding the previous unverified ITR. However, if the “ITR filed u/s 139(1)” is Discarded and the subsequent return is filed after the due date u/s 139(1), it would attract implications of belated return like 234F etc., Thus, it is advised to check whether the due date for filing the return u/s 139(1) is available or not before discarding any previously filed return.
A 2 : No, if ITR is Discarded once, it can’t be reversed. Please be vigilant while availing Discarding option. If an ITR is Discarded, it means that, such ITR is not filed at all.
A 3: The user can find the Discard option in the below path: www.incometax.gov.in – Login; e-File; -Income Tax Return; e-Verify ITR; “Discard”
A 4 : A user, who has uploaded the return data earlier, but has made use of the facility to discard such unverified return is expected to file subsequent an ITR later on, as it is expected that he is liable to file the return of income by way of his earlier action.
A 5 : User shall not discard such returns, where the ITR-V has already been sent to CPC. There is an undertaking to this effect before discarding the return.
A 6: The user can avail of this option only if the ITR status is “unverified” or “pending for verification.”. There is no restriction on availing of this option multiple times. The precondition “ITR status” is “unverified” / “pending for verification.”.
A 7: The user can avail of this option only from AY 2023–24 onwards for the respective ITR. This option will be available only until the time limit specified for filing ITR u/s 139(1)/139(4) /139(5) (i.e., the 31st of December of the respective AY as of now).
A 8: If the user discards the original ITR filed under u/s 139(1) for which the due date of u/s 139(1) is over, they are required to select 139(4) while filing a subsequent return. As there is no prior valid return, the date of the original ITR / acknowledgement number is not applicable if the original ITR fields are not applicable. Further, if the user wants to file a revised return in the future, he needs to provide details of the “original filing date” and “acknowledgement number” of the valid ITR, i.e., the ITR filed on August 22, 2023, for filing the revised ITR.
The ‘Discard ITR’ feature is a welcome addition to the income tax filing process, empowering taxpayers with greater control over their tax filings. By giving you the option to toss out unverified ITRs, the Income Tax Department is all about making sure your tax journey is smooth and on point. So, get familiar with this feature and use it when needed to keep your tax filings in tip-top shape.
