Income Tax Portal Introduce "Discard ITR" Option for filed ITR

1. This option allows the taxpayers to discard the filed ITR if the returns is not verified
2. The option of "Discard ITR" is effective for the returns filed from AY 2023-24
3. The taxpayers can use the option of "discard ITR" for the Original , Belated and Revised Returns
4. If the taxpayers discard the ITR filed before due date and files the return after due date, he is required to pay penalty
5. The taxpayers can use this option multiple times
6. It is not possible to reverse if ITR is discarded by mistake
7. The taxpayers needs to follow the below steps to discard ITR
   
   
   1. Login to Income Tax Portal
   2. Go to e file>>Income Tax Returns>>E Verify ITR
   3. It will show the options of E- verify and Discard . Click on Discard ITR

Source(s): incometaxindia.gov.in, Team EZTax.in