How to file revised ITR?

Let me tell you how to revise income tax return, based on Section 139(5) of Income Tax Act. Under Section 139(5), taxpayers can file a revised return to correct errors or omissions in their original return from missed income to unclaimed deductions without penalty.

How to Revise the Income Tax Return?

It is provided that it is done before the earlier of: December 31 of the assessment year, or the completion of the income-tax assessment. Even if you filed a belated return, it too can be revised.

1. Begin by logging into the

   Income Tax e‑Filing portal

   , select the relevant assessment year, and choose “Revised Return under Section 139(5)”. 

2. You must provide the acknowledgment number and date of the original ITR, and use the same form (e.g. ITR‑1, ITR‑2) as initially filed.

3. Amend any incorrect or missing details income, deductions, bank info, capital gains, etc. and preview your return carefully. 

4. Submit and e‑verify it through Aadhaar OTP, net‑banking, or DSC; without verification, the revised ITR isn’t valid.

If you miss the December 31 cutoff, a fallback option is the Updated Return (ITR‑U) under Section 139(8A), which can be filed up to two years after the assessment year though it involves additional tax and penalties of 25 to 50% on underreported income.

 If a taxpayer mistakenly submits the wrong statement in the original Income Tax Return, there is a chance for the taxpayer to revise the return. This is how a taxpayer can correct the statement and submit the right information. A Revised Return can be filed at any time before the end of the relevant Assessment Year (AY) or before the assessment ends. To learn how to file revised ITR, check out the step-by-step guide below.

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How to file income tax revised online return?

1. Visit the Income Tax e-Filing portal at:

1. Log in to the e-Filing portal by filling in the user ID (PAN), Password, and Captcha code and click ‘Login’.

2. Tap on the e-File- menu and navigate to the ‘Income Tax Return’ link.

3. On the Income tax page:

• Your PAN will be auto-populated

• Choose ‘Assessment Year’ 

• Choose ‘ITR form Number’ 

• Choose ‘Filing Type’ as ‘Original/Revised Return’ 

• Choose ‘Submission Mode’ as ‘Prepare and Submit Online

1. Below the ‘General Information’ bar select ‘Return of Filing Section’ as ‘Revised return under section 139 (5)’ and ‘Return filing type’ as ‘Revised’.

2. Fill in the ‘Acknowledgement Number’ and Date of filing of the Original Return filed.

3. It is mandatory to fill in a 15-digit Acknowledgement number when filing the revised return online. If your acknowledgement number is less than 15 digital kindly suffix the acknowledgement number with zeros.

4. Correct the details and submit the ITR again.

5. e-Verify and check the confirmation status or send the  ITR-V through normal or speed post to “Centralised Processing Centre, Income Tax Department, Bengaluru-560500

This is the process I followed on how to file revised ITR . You can follow the same.

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