Step-by-Step Guide to File Income Tax Revised Return

What Is a Revised Income Tax Return?

A Revised Income Tax Return is filed when a taxpayer needs to correct mistakes or omissions in an already filed Income Tax Return (original or belated).
This facility is provided under Section 139(5) of the Income Tax Act, 1961 by the Income Tax Department.

A revised return replaces the original return and allows taxpayers to correct genuine errors without facing penalties.


When Can You File a Revised Return?

You can file a revised return if:

  • Income was missed or wrongly reported
  • Wrong ITR form was selected
  • Deductions or exemptions were missed
  • Incorrect bank, TDS, or income details were entered
  • Capital gains or interest income was omitted

✔ Revised return can be filed even if the original return was filed on time or belatedly.


Who Can File a Revised Return?

  • Individuals
  • Salaried taxpayers
  • Businesses & professionals
  • LLPs & companies
  • Trusts & NGOs
  • Partnership firms

Provided that:

  • Original or belated return has already been filed

Time Limit for Filing Revised Return

  • Revised return can be filed up to 31st December of the relevant assessment year
    or
  • Before completion of assessment, whichever is earlier

Documents Required for Filing Revised Return

  • Original ITR acknowledgment number
  • PAN & Aadhaar
  • Form 16 / Form 26AS / AIS
  • Bank statements
  • Investment proofs
  • Capital gains details (if applicable)
  • Tax payment challans (if any)

Step-by-Step Process for Filing Income Tax Revised Return

Step 1: Identify the Error

Identify what needs correction:

  • Income amount
  • Deduction claim
  • ITR form
  • Tax computation

Only genuine corrections should be made.


Step 2: Recalculate Tax Liability

  • Recompute total income
  • Calculate revised tax liability
  • Pay additional tax if required

Step 3: Login to Income Tax Portal

  • Login using PAN credentials
  • Go to e-File → Income Tax Returns → File Income Tax Return

Step 4: Select Assessment Year

  • Choose the relevant Assessment Year
  • Select Revised Return as filing type

Step 5: Enter Original Return Details

  • Enter original acknowledgment number
  • Select filing date of original return

Step 6: Fill Corrected Return Details

  • Update income, deductions, or other fields
  • Ensure data matches AIS and Form 26AS
  • Validate all schedules carefully

Step 7: Validate and Submit Revised Return

  • Validate return
  • Submit revised return online

Step 8: Verify the Revised Return

  • Aadhaar OTP
  • Net banking
  • EVC or DSC (where applicable)

⚠️ Revised return is invalid without verification.


Important Points to Remember

  • A revised return replaces the original return
  • Multiple revisions are allowed within due date
  • Revised return may result in:
    • Additional tax payable
    • Reduced tax liability
    • Increased refund
  • Filing revised return early avoids notices

Common Mistakes to Avoid

  • Filing revised return after due date
  • Entering wrong acknowledgment number
  • Revising return for ineligible changes
  • Not paying additional tax before submission
  • Forgetting to verify the revised return

Benefits of Filing Revised Return

  • Correct errors without penalties
  • Avoid income tax notices
  • Accurate tax records
  • Peace of mind
  • Faster processing and refunds

Why Choose Saving Mantra for Revised Return Filing?

  • Expert review of original return
  • Accurate recomputation of tax
  • End-to-end revised return filing
  • AIS & compliance checks
  • Complete digital support

Disclaimer

This blog is for informational purposes only and does not constitute legal or tax advice. Revised return filing under Section 139(5) is subject to timelines and assessment status. Outcomes depend on individual facts and circumstances. Saving Mantra recommends consulting a qualified tax professional before filing a revised income tax return.