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What is ‘Discard’ return option?

There is now a ‘Discard Return’ option on the Income Tax portal which allows the tax payer to discard the unverified return.

The option to ‘Discard’ is available for the ITRs filed u/s 139(1) /139(4) / 139(5) if the tax payer do not want to verify it.

A facility to file a fresh ITR is provided 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. Also, if ITR is discarded once, it can’t be reversed, hence it is advised to be vigilant while availing this option. If an ITR is discarded, it means that, such ITR is not filed at all.

‘Discard’ option is available in below path: www.incometax.gov.in → Login → e-File → Income Tax Return → e-Verify ITR → “Discard”

This option is available only from AY 2023-24 onwards for the respective ITR. As of now, this option will be available only till time limit specified for filing ITR u/s 139(1)/139(4) /139(5) i.e., 31st December of respective assessment year (AY).