Yes, you can correct a calculation mistake in your filed ITR and re-submit your return. This is called a revised return. You can file a revised return within two years from the end of the assessment year in which the mistake was made.
To file a revised return, you will need to download the revised return form from the Income Tax Department's website and fill it out. You will need to provide the following information in the revised return:
Your PAN
Your assessment year
The reason for filing the revised return
The details of the mistake that you made
The correct information
Once you have filled out the revised return form, you will need to submit it online or by post. You will also need to pay the difference in tax, if any.
If you are filing a revised return because you made a mistake in your calculation of income, you may be eligible for a refund. However, if you are filing a revised return because you made a mistake in your calculation of tax, you may be liable to pay interest.
Here are the steps on how to file a revised return:
Go to the Income Tax Department's website.
Click on the "Revised Return" tab.
Select the assessment year for which you are filing the revised return
Download the revised return form.
Fill out the revised return form
Submit the revised return form online or by post.
Pay the difference in tax, if any.
I hope this helps! Let me know if you have other questions.
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