How to Revise Your Filed ITR: Step-by-Step Guide (AY 2024–25)

Filing an Income Tax Return (ITR) is an essential part of financial discipline and tax compliance in India. However, even the most diligent taxpayers can sometimes make mistakes—whether it’s forgetting to report some income, claiming an incorrect deduction, or entering the wrong bank details. Fortunately, the Income Tax Department of India provides a solution: you can revise your ITR.

Revising your filed ITR allows you to correct any errors or omissions and submit an updated return without penalties—provided you do so within the prescribed time limit. This article provides a comprehensive step-by-step guide on how to revise your ITR, along with eligibility rules, key deadlines, and precautions.

✅ What Is a Revised ITR?

A Revised ITR is a return filed under Section 139(5) of the Income Tax Act, allowing taxpayers to rectify errors in the original return. You can revise a return multiple times, as long as it is done within the due date and it is not a belated return filed after the original due date.

🧾 Common Reasons to Revise Your ITR

Here are some typical reasons why individuals revise their ITR:

• Omission of income (e.g., FD interest, freelance income)
• Wrong personal or bank account details
• Missed deductions or exemptions under sections like 80C, 80D, etc.
• Errors in tax calculation or wrong selection of ITR form
• Mismatch in Form 26AS or AIS/TIS
• Incorrect reporting of capital gains or losses

📅 Deadline for Revising ITR (AY 2024–25)

For Assessment Year 2024–25, the due date to revise your ITR is:

31st December 2025

This is applicable for ITRs originally filed on or before 31st July 2024 (the standard deadline for individuals not subject to audit). Returns filed after the due date (i.e., belated returns) can also be revised, but only up to 31st December 2025.

🔁 Who Can Revise Their ITR?

Eligible Taxpayers:

• Individuals and HUFs
• Companies and firms
• Belated return filers (as long as revised within the window)
• Those who filed original returns under sections 139(1) or 139(4)

🌐 Step-by-Step Guide to Revise Your ITR Online

The Income Tax Department’s e-filing portal https://www.incometax.gov.in makes it easy to file a revised return.

🔹 Step 1: Log in to the e-Filing Portal

• Go to https://www.incometax.gov.in
• Click on Login using your PAN (as User ID) and password
• Enter OTP sent to your registered mobile/email

🔹 Step 2: Navigate to File Revised Return

• Go to e-File > Income Tax Returns > File Income Tax Return
• Select Assessment Year 2024–25
• Choose ‘Online’ mode
• Select the relevant ITR Form (ITR-1, 2, 3, or 4) based on your income sources

🔹 Step 3: Choose ‘Revised Return’ Option

• Under ‘Return Filing Section’, select:
• Revised return under Section 139(5)
• You will now be prompted to enter details of your original return:
• Acknowledgement number
• Date of filing of original return

🔹 Step 4: Update and Correct Details

• Review your original return
• Make necessary corrections (add income, update deductions, correct personal details)
• Ensure TDS and income details match Form 26AS and AIS (Annual Information Statement)

🔹 Step 5: Preview and Submit

• Once you’ve updated all necessary fields, click on ‘Preview Return’
• Check all entries carefully
• Click ‘Submit’

🔹 Step 6: e-Verify Your Revised ITR

e-Verification is mandatory for your revised return to be valid. You can e-verify using:

• Aadhaar OTP
• Net banking
• Bank account-based OTP
• Demat account

Alternatively, you can send a signed physical ITR-V to CPC, Bengaluru within 30 days of filing.

🔄 How Many Times Can You Revise an ITR?

There is no limit to the number of times you can revise your return—as long as it is within the deadline (31st December 2025) and the original return was filed within the due date. However, frequent revisions may draw scrutiny from the Income Tax Department.

⚠️ Important Points to Remember

• You cannot revise an ITR if the original was not filed (i.e., no return at all)
• You cannot revise a return after receiving a notice under section 143(2) (scrutiny assessment)
• You must e-verify the revised return just like the original one
• Ensure complete accuracy in the revised return to avoid further amendments
• Use correct ITR form; a wrong ITR form may invalidate your return

🧮 Impact of Revised Return on Refunds and Tax

• Increased Refund: If you missed deductions earlier, a revised return could fetch you a higher refund.
• Reduced Refund or Extra Tax: If you omitted income earlier, the revised ITR might reduce your refund or result in additional tax payable.
• Interest & Penalties: Revising a return to declare higher income may result in interest under Sections 234B/234C, but no penalty is levied for voluntarily revising your ITR.

📘 Example Scenario

Original Return: You forgot to include ₹30,000 bank FD interest and claimed an excess deduction of ₹20,000 under 80C.

Action: File a revised return, include the omitted income, and adjust deductions accordingly. Pay the differential tax plus interest (if applicable) and submit the revised ITR.

💬 Frequently Asked Questions (FAQs)

Q1. Can I revise my ITR after I receive a refund?
Yes, you can revise even after a refund has been issued. If it results in higher tax liability, you’ll have to repay the difference.

Q2. Is there a fee for filing a revised return?
No. Revising your ITR is free of cost through the Income Tax portal.

Q3. Will I get intimation for revised return?
Yes, the Income Tax Department will issue an intimation under Section 143(1) after processing your revised ITR.

✍️ Conclusion

Filing an error-free ITR is ideal, but mistakes can happen. Thankfully, the Income Tax Department allows you to revise your return and make corrections without penalty, provided you act within the deadline. Timely and accurate revision ensures proper tax compliance, avoids unnecessary scrutiny, and ensures you receive any refunds due to you.

So, don’t stress over mistakes—revise your ITR with confidence and peace of mind!