How to file revised income tax return: Step-by-step guide

Check here the step-by-step guide to file your revised ITR or income tax return.

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We often end up making small mistakes while filing an income tax return (ITR). The tax department has a provision that allows taxpayers to rectify any errors made while filing ITR. Section 139(5) of the Income-Tax Act, 1961 allows taxpayers to rectify their mistakes in their original tax returns by filing a revised return. One should file a revised ITR on or before the completion of the applicable assessment year. Assessment year is the year immediately following the financial year for which the return is filed.

It may be noted that filing a revised ITR technically means filing a new ITR with the corrections under Section 139(5) of the Income Tax Act. Filing a revised return simply means filing your return again but this time with the correct information. When filing a revised return you need to mention details of the original return.

Here is how to file a revised income tax return:

• Visit the Income Tax website, now login to the Income Tax e-filing portal by entering user ID (PAN) and Captcha code.
• After logging in, you can proceed to click on the e-filing menu and then select the 'Income Tax Return' link.
• On the next page, your PAN will be auto-populated. Then select the assessment year, ITR form number, Filing type (original or revised return), and select the submission mode as ‘Prepare and submit online.
• In the online ITR form under the ‘General Information’ tab, choose the ‘return filing section’ as ‘revised return’ under Section 139(5) and ‘return filing’ type as ‘revised’.
• Now enter the acknowledgment Number and Date of filing of the original return. (It is compulsory to enter the 15-digit acknowledgment number when filing revised ITR).
• Then fill in or correct relevant details of the online ITR form and then submit the ITR.
• Finally, e-verify the returns for faster processing and a quicker refund.