Income Tax Revised ITR: Even a small mistake while filing your income tax return can turn into a big headache later. Sometimes income is missed, sometimes the wrong bank account number is entered, and sometimes deductions are not claimed correctly.
Most people breathe a sigh of relief after filing their returns, but when they realize their mistake later, they start to worry about the consequences. The good news is that the law gives you a chance to correct your mistakes, and that opportunity is still available.
What was the deadline for filing returns for FY 2024-25?
The last date for filing income tax returns for the financial year 2024-25 was September 16, which the government extended twice. Despite this, many people either failed to file their returns on time or made mistakes while filing in a hurry. For such taxpayers, the income tax law provides two important options: a belated return and a revised return.
| Topic | Details |
|---|---|
| Assessment Year | AY 2025–26 |
| Financial Year | FY 2024–25 |
| Original ITR Due Date | 16 September 2025 |
| Revised Return Section | Section 139(5) |
| Belated Return Section | Section 139(4) |
| Last Date for Revised ITR | 31 December 2025 |
| Eligibility for Revision | Errors or omissions in original return |
| Not Allowed After | Notice under Section 142(1) |
| Mode of Filing | Online through Income Tax Portal |
| Purpose | Correct mistakes and ensure compliance |
Understanding the difference between belated and revised returns is crucial.
If you did not file your return within the stipulated deadline, you can file a belated return. However, if you filed your return on time but later discovered a mistake, you can file a revised return. The purpose of a revised return is to allow taxpayers to correct their unintentional or technical errors and avoid future problems.
Why is December 31, 2025, such an important date?
Under Section 139(5) of the Income Tax Act, taxpayers are given the right to file a revised return. For FY 2024-25, you can file your revised return until December 31, 2025. This means that if you have shown incorrect income, forgotten to claim any deductions, or made a mistake in tax calculation, you still have time. After this date, the general opportunity to correct your return ends.
In what situations can a revised return not be filed?
It is equally important to understand that a revised return is not permitted in all situations. If the Income Tax Department has already initiated an investigation against you and the Assessing Officer has issued a notice under Section 142(1), you cannot file a revised return after that. This facility is only available before the investigation begins.
Why correcting mistakes is a wise decision
Many people think that a small mistake won’t matter, but this small mistake can lead to notices, penalties, or interest in the future. Correcting the mistake yourself demonstrates your honesty and reduces legal risks. A return filed with accurate information not only gives you peace of mind but also keeps your record clean with the tax system.
What are the benefits of filing a revised return?
Through a revised return, you can add omitted income, remove incorrect deductions, or show the correct tax amount. This reduces the chances of your refund being delayed in the future and avoids unnecessary correspondence with the tax department. It’s an opportunity to correct your mistake without any pressure.
Why you shouldn’t wait until the last minute
December 31, 2025, may seem far away, but as time passes, the habit of procrastination can lead to problems. There might be increased traffic on the portal at the last minute, or you might face difficulties in gathering the necessary documents. Therefore, it’s best to file a revised return as soon as you realize your mistake.
FAQs
Q1. What is a revised ITR?
A revised ITR is filed to correct mistakes in the original income tax return.
Q2. What is a belated ITR?
A belated ITR is filed after the due date has passed.
Q3. What is the last date to file a revised ITR for FY 2024-25?
The last date is 31 December 2025.
Q4. Can I file a revised ITR after receiving a notice under Section 142(1)?
No, revised ITR cannot be filed after such a notice.
Q5. How can I file a revised ITR?
It can be filed online through the Income Tax Department portal.
Disclaimer: This article is for general informational purposes only. Income tax rules, dates, and legal provisions are subject to change from time to time. Before making any final decision or filing a return, please consult the official website of the Income Tax Department or a qualified tax advisor.
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