This blog is written by Mr. M. Rizwan Abbas, Senior Associate Khilji and Co, Chartered Accountants. Please read this blog and provide your valued comments.

How can you file Revised Return of Income Tax and Revised Wealth Statement? 

  1. Revised Income Tax Return 
  • Click “Declaration” on the Horizontal Bar Menu at the top of the Screen.A Vertical Drop Down Menu will open. Select “114(6)(b) (Application for revision of Return of income for complete year)“. An Interface will open.
  • Click on “Period” Button on right of the Screen. A Dialog will open. Enter relevant tax year against “Tax Period”. Click on “Search”. Click on “select” against the dates which appear in the Box. Type reasons for revision in the Content Tab.
  • Click on “Submit” Button on the Horizontal Bar Menu at the top of the Screen. Click on “Print” Button on the Horizontal Bar Menu at the top of the Screen to get a print of the application.
  • When the concerned Commissioner will pass an Order on the said Application it will be available in your Inn Iris. Thereafter, you can file revised Return of Income, on Iris, as under:
  • Click “Declaration” on the Horizontal Bar Menu at the top of the Screen. A Vertical Drop Down Menu will open. Select “114(6) (Return of Income filed after revision for complete year)“. An Interface will open.
  • Click on “Period” Button on right of the Screen. A Dialog will open. Enter relevant tax year against “Tax 1Period”. Click on “Search”. Click on “select” against the dates which appear in the Box. Numerous Tabs containing data of previous Return of Income will appear. Edit the data wherever required and submit the Return.

 

  1. Revised Wealth Statement 
  • You can file revised Wealth Statement, on Iris, as under: Click “Declaration” on the Horizontal Bar Menu at the top of the Screen. A Vertical Drop Down Menu will open. Select “116(3) (Statement of Assets / Liabilities filed voluntarily after revision)“.
  • An Interface will open. Click on “Period” Button on right of the Screen. A Dialog will open. Enter relevant tax year against “Tax Period”. Click on “Search”.
  • Click on “select” against the dates which appear in the Box. Numerous Tabs containing data of previous Wealth Statement will appear. Edit the data wherever required and submit the Wealth Statement.

 

Muhammad Rizwan Abbas

Senior Tax Associate

Khilji and Co, Chartered Accountants