If you made a mistake while filing ITR for AY 2025-26 (FY 2024-25), now, 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 the assessment year or at the end of the 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 Revised Income Tax Return
- For the FY 2024-25, file the revised return form is on 31st December 2025
- Furnish 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.
I HAVE FILLED ITR AS 22-23 , BUT I WANT TO REVISE IT NOW. CAN I DO THIS OR WHAT IS THE ALTERNATE FOR THE SAME?
I am a senior citizen having income from pension and bank interest. I have an additional income of Rs1200/-&Rs 3200 for the Ays 2021-22 &2022-23 respectively
which escaped my attention while filing ITRs by the due dates as no TDS had been done and it was not reflected in 26as or AIS. I understand that I can’t file an updated ITR for the AY 21-22 as the total income including the additional income will be below Rs5,00, 000.Now,I want to file an updated ITR for the AY 22-23. When can I file and what will be my total tax liability? Processing is completed for both Ays. Please advise.
You can file the updated return of AY 2022-23 up to 31st march 2025 but you can file it only if you have an income of More than Rs 500000 and tax is payable on it.
I had filed it return on 2nd June Now I find mismatch in interest from deposits in AIS and filed in return.I want to submit revised itr When I go to section gross income it shows data as per AiS.I have income from pmyyu which I am able to add.when I choose add income it shows paze not available.kindly guide
Can we file revised return of our Company for FY 2021-22 before 31.03.2023.
However Assessment U/s 143(1) already done in Feb 2023
No you can’t file the Revised Return of F.Y. 2021-22 now. The last date to revise the return was 31st December 2022.
I have filed my ITR for AY 2022-23 which is processed and I’ve got refund already. Now I’ve
got sms from ITD stating certain High Value transaction in FY 2021-22. When checked, i found that it is regarding my FD Interest which is got updated in my AIS in the month of December 2022 (which was not mensioned in the AIS when I had filed my original ITR in July 2022). What needs to be done now? Should I respond to this campaign message and do i need to file Revised ITR or Updated ITR? What are the dates for these filings?
Is there any penalty for this? Plese reply.
You need to file the updated return as the date of filing the Original and revised return has expired. In the Updated return, you have to pay an additional penalty on the income not reported.
My CA filed the itr of financial year 2021-2022 with wrong details in the form 16 which mentioned cross income received more than the actual gross income. Can I file an updated itr.
Updated Return can be filed only if you have Gross total income more than Rs 2,50,000 and there will not be Refund Case.
I FORGOT FILE 10EIN THE FY 2021-22 AND IT WAS PROCESSED. NOW I WANT TO FILE 10E AND CLAIM RELIEF U/S 89(1).
IS IT POSSIBLE TO REVISE IT AS 31 DECEMBER 2022 IS OVER
You can try that through Updated Return.
can i tya update return but error ack no and original date
Sometimes in Updated Return, this problem occurs. You can wait for some days to upload it again; if the problem persists, you may contact the portal.