Let’s say you've finally submitted your Income Tax Return (ITR) after days of procrastinating. You pat yourself on the back, only to realise a few days later—you missed reporting your freelance income, or perhaps forgot to claim a vital deduction. Don’t worry, you’re not alone. Fortunately, the revised ITR exists just for situations like these.
Whether it’s a small typo or a major oversight, the Income Tax Department gives you a second shot to make things right.
What is a Revised ITR?
A revised ITR is your golden opportunity to rectify any mistakes in your previously filed tax return, which highlights why tax returns matter. Introduced under Section 139(5) of the Income Tax Act, it allows taxpayers to amend their tax return without penalties or legal trouble, as long as it's filed within the allowed timeframe.
So, what qualifies as a mistake?
It could be something as basic as a typo in your bank account number or something more critical, like forgetting to declare income from side gigs, stock trades, or rental properties.
Filing a revised ITR ensures you're being transparent and compliant while keeping the Income Tax Department happy. Plus, if you’re due for a refund, correcting those errors could mean faster processing and fewer delays.
When Should You File Revised ITR?
Knowing when to file a revised ITR is half the battle. Here are some common scenarios that warrant a revision:
Incorrect Personal Information
Maybe you swapped two digits in your PAN, or listed the wrong bank account for your refund. These small details can lead to major issues if left uncorrected.
Missed Declaring Income
This one’s quite common, especially for freelancers, gig workers, or folks with multiple income sources like rent, interest, or capital gains.
Forgot to Claim Deductions
Did you miss claiming deductions under Section 80C (like LIC or PPF), 80D (for health insurance), or others? If yes, filing a revised ITR can help you lower your taxable income.
Incorrect Tax Calculations or TDS
Sometimes, the tax paid by your employer or bank (TDS) doesn’t reflect accurately. This can distort your final tax computation.
Received a Tax Notice
If you’ve received a notice for an error or omission in your return, a revised ITR might help set things right before things escalate.
Don’t stress if you fall under any of these categories. You’re not the only one. Reach out to our tax specialists—they know exactly when to file revised ITR and how to do it the right way.
How to File a Revised ITR: Step-by-Step
Filing a revised ITR isn’t as complicated as it sounds. In fact, if you’ve filed your original return online, the process will feel familiar. Here's how to file revised ITR in a few simple steps:
Log in to the official Income Tax e-Filing Portal.
Navigate to "e-File" > "Income Tax Return".
Choose the correct Assessment Year.
Select “Revised Return under Section 139(5)” from the dropdown.
Input the Acknowledgement Number and Date of the original ITR.
Make the necessary corrections or updates in the form—income, deductions, TDS details, etc.
Validate the return and submit it.
Complete e-verification via Aadhaar OTP, net banking, or EVC.
That’s it. Your revised ITR is now officially filed. Make sure you download and keep a copy for your records. Filing it wrong again just adds to the mess. If you're unsure about any step, take our help to file a revised ITR accurately.
Important Deadlines for Filing a Revised ITR
Time is of the essence when it comes to filing a revised ITR. As per the current tax laws, you can revise your return up to December 31 of the relevant Assessment Year.
For example:
If you filed a return for Financial Year 2023-24 (AY 2024-25), the deadline to file a revised ITR is December 31, 2025.
However, it's always safer to file revisions as soon as you notice an error. The sooner you correct it, the smoother your assessment or refund process will be.
Key Points to Remember When Filing a Revised ITR
Before you start editing your original return, keep these important pointers in mind:
Only Eligible Returns Can Be Revised
You can only revise returns that were filed on or before the original or extended due date, or as a belated return. Missed that? Unfortunately, you’re not eligible to revise.
You Can File Multiple Revisions
Good news—you can file a revised ITR more than once. In fact, the law permits revisions up to 10 times, though you should aim to get it right in as few attempts as possible.
Use Updated & Accurate Information
Make sure the numbers you enter are the latest and verified. Cross-check your income, deduction proofs, TDS certificates, and so on.
E-Verification is Mandatory
Whether it's your original return or a revision, e-verification is a must for it to be considered valid. Returns not verified within 30 days of submission will be treated as not filed.
Need help double-checking your corrections or completing e-verification? We’ve got your back. Our tax experts can help ensure your revised ITR is accurate, complete, and compliant.
Fix Your Tax Return Before It’s Too Late
Let’s face it—mistakes happen. You might forget to mention income, missclaim a deduction, or make a typo. But with the option to file a revised ITR, you get a second chance to set the record straight.
Whether it’s your first revision or your third, the most important thing is to act fast and file correctly. Know when to file revised ITR with tax planners, how to file revised ITR, and use this powerful provision to maintain your peace of mind—and your financial credibility. If you’ve discovered an error in your ITR, don’t wait. File your Revised Return today and stay stress-free!
