How to file a revised return online if you made mistakes in the original ITR?

Concerned about the errors you made while filing ITR? Worry not; they can be fixed even after submission. What if you made a mistake while filing the ITR form but already submitted it? The solution is easy; you need to file a revised return.

Made mistakes in the original ITR

Filing Income Tax returns seem like a complicated task, but in reality, it's not. You can quickly fill it on your own, but mistakes and errors sometimes happen. In such circumstances, instead of panicking, you should take a deep breath and calm down, as you can fix these mistakes even after the form submission. Below, we discuss the process of filing a revised return in detail.

Also Read: Filing your ITR? 7 Things to keep in mind

How to file a revised return online if you made mistakes in the original return? 

Follow the steps listed below to file a revised return:

  1. To file a revised return online, visit the Income Tax Department's e-filing website.
  2. After that, log in to your account and complete the captcha code process.
  3. Once logged in to your account, click on E-file and choose Income Tax Returns. 
  4. Now, you need to select the Assessment year and ITR form number. After that, under "Filing Type", select "Revised".
  5. For the submission mode, click on prepare and submit online.
  6. Now under the 'General Information' tab of the online ITR form, click the 'return filing section' as 'revised return' and 'return filing' as 'revised'.
  7. Now, you'll need to carefully enter the original return's acknowledgement number and date of filing.
  8. Carefully fill in the details. Make sure you don't make mistakes in this one and submit it.
  9. Then, you'll need to verify the revised ITR. This can be done both online and offline.

Also Read: How to use the new ITR Form? 

Law, time limit, penalty, and deadline for filing revised ITR

According to Section 139 (5) of income tax, you can file a revised return if you discover mistakes in the original return. 

You need to file the revised return three months before the end of assessment completion or the end of the relevant assessment year. If done within the deadline, a revised return can be filed several times as no limit is set. The last date for ITR filing FY 2021-2022 (AY 2022-2023) is July 31st for individuals/ HUF / AOP / BOI, October 31st for businesses requiring an audit, and November 30th for businesses requiring TP Report.

There is no penalty fee charged for filing revised returns.

Also Read: New ITR regulations that you should be aware off before filing ITR for FY 2021-22

Disclaimer: This blog is just for education purposes and should not be considered a piece of expert advice. All the finance schemes are subject to market risk. Hence, investments should be made at your own risk. 


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