Income Tax Department

The last date to file Income Tax Return (ITR) is 31st December, i.e. now only seven days are left. Meanwhile, the Income Tax Department has sent a large number of SMS and emails to some taxpayers informing them that due to mismatch in the information given in the ITR, their income tax refund has been withheld under the Risk Management Provision. The department has also asked these taxpayers to file revised income tax returns within the due date of December 31.

What is revised income tax return?

When taxpayers file ITR for the first time, sometimes some things are left out or mistakes are made. But these mistakes can be corrected. Under Section 139(5) of the Income Tax Act, 1961, taxpayers are given the opportunity to file a revised income tax return to correct missing income, incorrect deductions or calculation errors. That means, if there is any mistake or omission in your original ITR, then you can file Revised Return under Section 139(5).

Revised ITR filing date

The last date to file revised income tax return is the last day of the relevant assessment year (AY). Therefore the last date to file Revised ITR for AY 2025-26 is 31 December 2025. Revised ITR is used to correct the mistakes made in the earlier filed ITR.

These can be mistakes

• loss of income, under-reporting
• Claiming excess or incorrect deductions
• Choosing the wrong ITR form
• Claiming more or less than the refund amount

Things to keep in mind while filing Revised ITR

When you file Revised ITR, your earlier ITR is completely changed. Revised Return is considered your final ITR. Even if you have received refund on your original ITR, you can still file Revised ITR within the due date. Even if you have mistakenly selected the wrong ITR form, Revised Return can be filed. There is no limit for filing Revised Return. You can improve many times. But if the Assessing Officer has completed the assessment under section 143(3), then Revised ITR cannot be filed after that.

How to file Revised Income Tax Return?

• Visit Income Tax e-filing website: https://www.incometax.gov.in/iec/foportal/
• Login by entering PAN, password and captcha
• Click on e-File menu and select Income Tax Return
• Select the respective assessment year and ITR form number
• Select Original/Revised Return in Filing Type
• Select Prepare and Submit Online in Submission Mode.
• In the General Information tab of the online ITR form
• Select Revised return under section 139(5) in Return Filing Section.
• Select Revised in Return filing type
• Enter the Acknowledgment Number and Date of filing of the original return

Is there any penalty for filing revised ITR?

There is no penalty for filing revised ITR. However, if your actual tax liability turns out to be more than the amount shown earlier, you may have to pay some additional amount as interest.

Difference between Revised ITR and Belated ITR

Revised ITR is filed when there is a genuine mistake in the original ITR and it needs to be corrected. Belated ITR is filed when the ITR is not filed by the due date. In case of Revised ITR, an original ITR already exists, whereas Belated ITR itself is considered as the original ITR. A penalty of ₹1,000 to ₹5,000 may be imposed on Belated ITR, whereas there is no penalty on Revised ITR.