We must explain to you how all seds this mistakens idea denouncing pleasures and praising account.
Filing an Income Tax Return (ITR) is a legal responsibility for many individuals and businesses. But sometimes, mistakes happen — maybe you forgot to include some income, claimed the wrong deduction, or selected the wrong ITR form. In such cases, the Income Tax Department allows you to revise your ITR or even file an updated ITR under Section 139(5) and Section 139(8A) of the Income Tax Act.
A revised ITR is used when you want to correct any errors or omissions in your originally filed ITR, provided it was filed before the due date. On the other hand, an updated ITR allows you to update your return even if you missed filing earlier, or found errors later, and you can file this within 2 years from the end of the relevant assessment year. This facility is very useful if you want to stay compliant and avoid future penalties, interest, or notices from the income tax department.
Filing an updated or revised ITR helps you correct your tax records and ensures that you are transparent and accurate with your financial reporting. It also builds a better financial track record, especially if you plan to apply for a loan or visa.
To file an updated or revised return, you will need basic documents like your original filed ITR, Form 16, Form 26AS, AIS/TIS, income proofs, investment details, and other related financial statements.
If you made an error while entering income, deductions, or TDS details in your original return, you can revise or update the return to correct it easily.
Filing an updated ITR voluntarily before receiving any notice from the Income Tax Department helps in reducing or avoiding hefty penalties and interest charges.
Filing a revised or updated return shows that you're responsible and willing to rectify your mistakes on your own, which strengthens your compliance record.
Inaccurate returns can lead to scrutiny or legal action. Updated ITR lets you fix things before the tax department finds them and issues a notice.
If you forgot to claim deductions under 80C, 80D, or other sections, you can file a revised return and get the benefit of a reduced tax liability.
You can include any income that was missed earlier — like interest income, rental income, freelance earnings — to avoid future complications.
Once the updated or revised return is filed correctly, you won’t need to worry about errors or future tax notices based on inaccurate information.
A corrected and updated ITR reflects a clean financial history, which is helpful if you are applying for loans, tenders, or business registrations.
Consistent and accurate tax filing, even if revised, supports your financial credibility while applying for international travel visas or investor funding.
A Revised ITR can be filed to correct errors in a return that was originally filed on or before the due date. It must be submitted before the end of the relevant assessment year. An Updated ITR can be filed even if you didn’t file the original return or want to correct a return after the deadline. You can file it within 2 years from the end of the assessment year under Section 139(8A).
Yes, but only as an Updated ITR. A revised return is allowed only if the original return was filed on time. If the due date has passed, you must use the “Updated ITR” option available on the income tax portal.
There is no limit on the number of times you can revise your ITR before the end of the relevant assessment year. However, the updated return can be filed only once for a particular assessment year.
Yes, depending on when you file. If you file in the first year after the assessment year ends, a 25% additional tax is charged on the due tax. In the second year, it increases to 50%. But this is still better than getting penalized later through a notice.
Yes, you can claim missed deductions in an Updated ITR. However, if you're reducing your total tax liability in the updated return, the system may not accept it. Updated ITR is mainly for paying additional tax or reporting missing income.
If the return results in a lower tax liability, a refund, or increases your refund amount, then you are not eligible to file an Updated ITR. Also, if there is a proceeding or notice against you under some sections, you may not be allowed to file one.
You can match your filed return with Form 26AS, AIS, and TIS. If there’s a mismatch in income, TDS, or deductions claimed, or you receive an intimation under 143(1), then it’s a sign you may need to file a revised or updated return.
Yes, but it is advised to take professional help if you’re unsure about tax rules. A CA can help avoid further errors and ensure you file the correct version under proper sections.
Yes, like any normal return, you need to e-verify the updated or revised return within 30 days of filing. If not verified, it will be considered invalid.
CallMyCA provides expert support in identifying mistakes in your original ITR, helps you gather the required documents, calculates the correct tax, and files the revised or updated return on your behalf — ensuring it’s done properly, within deadlines, and with zero stress
Call-My-CA - Copyright 2025. All Rights Reserved || Design & Developed by CWL Technology Pvt. Ltd.
