If you made a mistake while filing an income tax return (ITR), then there is an option to revise the return. The revised return will take the place of the original return and will be considered as furnished on the date of return that was filed previously. A revised income tax return can be updated before the expiry of three months from the end of the relevant assessment year or before completing the assessment of that year, whichever comes earlier.
Process To Furnish Updated ITR
The process is similar to the original return filing. Go to the Income Tax Department’s e-filing website and use the secure credentials to log in to your account. In Part A of General Information, it is important for the taxpayer to select Revised Return under Section 139(5) mentioned in the drop-down section and further mention the details of the original return to be identified, including ‘Date of filing of Original Return’ and Order Acknowledgement Number.
As mentioned by an expert regarding the frequency of revising an ITR form, “Assessees can revise a return every time they discover any omission or wrong statement within the time limit prescribed for filing a revised return. However, one should take utmost care while filing a revised return to avoid complications in future and should not misuse the facility.”
Read Also: Free Download Gen IT Software for Fastest ITR Filing
Important Points to Consider While Filing a Revised Income Tax Return
- For the FY 2025-26, file the revised return form is on 31st December 2026
- Furnish a revised return only in case of wrong and omission statements. The revised return with not disclosed income in the original form can be scrutinised by the assessing officer.
- Mandatorily verify the submitted revised return form
- The original return is replaced by the revised return in the prescribed bracket
- It is important to consider the due date for furnishing the acknowledgement number of the previously furnished original return form.
Note: From Tax year 2026-27 onwards, filing of revised return time period will be further extended by three months, i.e. till 31st March 2028 with late fee under section 234I.
In March 2020, I had deposited a sum of Rs. 50,000/- towards self-assessment tax for AY 2020-21. However, by mistake, it is posted in AY 2019-20. How to reverse this amount to AY 2020-21.
Adjustment of challan is not possible to different Assessment Years. Please contact Income Tax Portal regarding this matter.
I have income from salary and income from commission and brokerage and I have filled my return of the assessment year 2019-2020 in ITR 3 and shown commission income in section 44 AD.retun was processed got refund..is it correct..is any requirement to revise my return of the assessment year 2019-2020… please guide me
I filed my return (Pensioner – Senior Citizen: Age > 60 years) FY 2018-2019 before the deadline and got my ITR approved and a refund has been processed. However, I didn’t know about section 80TTB which provides Rs 50,000 exemption on SB/FD interest for Senior Citizen: Age > 60 years and didn’t add it. Shall I file the revised ITR now? I am getting an additional refund when adding this 80TTB 50k exemption. Is this a valid case to file a revised return?
You can revise the return of FY 2018-19(AY 2019-20) till 30th September 2020
I have filed ITR 1 for AY 19-20 and I have to revise it to form ITR 3. Can I do it? If Yes kindly guide me in doing it
Yes, while revising you can change the ITR Form.
What about time limit of revising return, it was july 30, 2020.
30th Sep 2020
I have filled my return of the assessment year 2019- 2020 in form ITR 3 and got a refund but I have to revise it to ITR 1.can I do it?.. please guide me.
For any queries regarding ITR filing, Kindly call to Imcome tax customer care help desk number which mentioned in website. https://www.incometaxindiaefiling.gov.in/main/contactUs
I have filed an Income Tax return of a.y 2019-20 and it has been already processed, now it can be revised
ITR for AY 2019-20 can be revised up to 30th November 2020.
AY 2019-20 Reversed income tax return filing last 31 March 2020 or 30 may 2020
The last date for filing the Revised income tax return for the AY 2019-20 (FY 2018-19) is extended from 31st March 2020 to 30th June 2020.