How to Revise Income Tax Return Online in India

Step by step guide on How to Revise Income Tax Return Online in India is as follows:

Overview

If you had made a mistake while filing your income tax return, then you can revise it as per section 139(5) of Income Tax Act,1961.This revised return will replace the original return and will be considered as furnished on the date of original return was filed.

What is section 139(5)?

If any person having furnished a return under section 139(1) or section 139(4), discovers any omission or any wrong statement therein, he may furnish a revised return at any time before the end of the relevant assessment year or before completion of assessment, whichever is earlier.

The return can be revised for any number of times within the given time limit. In this case the latest revised return filed replaces all other returns filed earlier.

Step by Step guide on how to file a revised return

Step 1:

Go to Income Tax E-filing portal,’www.incometaxindiaefiling.gov.in‘.

Step 2:

Log in to e-filing portal by entering your User Id and Password as shown below:

How to Revise Income Tax Return Online in India

Step 3:

You will see the dashboard. Click on ‘Filing of Income Tax Return’.

Recommended:How to file ITR 1 online step by step

Step 4:

On Income Tax Return page:

How to Revise Income Tax Return Online in India
  • Your PAN will be auto-populated.
  • Select ‘Assessment Year’ for which you want to revise.
  • Select ‘ITR Form Number’
  • Select ‘filing type’ as ‘Original/Revised Return’
  • Select ‘Submission mode’ as ‘Prepare and Submit Online’
  • Select your Bank Account and click on continue.

Step 5:

In the online ITR form under ‘General Information‘ tab,choose the ‘Filed u/s’ as ‘139(5)-Revised Return’ and enter the ‘acknowledgement number’ and ‘date of filing of Original return’ as shown below:

How to Revise Income Tax Return Online in India

Step 6:

Fill or correct the relevant details of Online ITR form and submit the ITR form.

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Also Read: How to E-verify ITR online step by step

Note: The process stated above is for ITR 1 and ITR 4.

For all other ITRs like ITR 2,ITR 3,etc. the process is same but first you have to download ITR offline utility from Income Tax Return Preparation utilities and then follow the same above steps to revise your ITR.

Frequently Asked Questions(FAQ’s)

  1. What is revised return?

    Ans.If any person discovers any omission or any wrong statement therein, he may furnish a revised return at any time.

  2. How many times a return can be revised?

    Ans.The return can be revised for any number of times within the given time limit.

  3. Do we need to e-verify both original and revised returns?

    Ans.Yes,you need to e-verify the both original and revised returns.If you do not verify your returns,then returns will not be processed.

  4. What is receipt number of original return?

    Ans.Receipt number is nothing but the acknowledgement number of the Income Tax Return.

  5. What is time limit for revising your return?

    Ans.Before the end of the relevant assessment year or before completion of assessment, whichever is earlier.

We hope that you now understood “How to Revise Income Tax Return Online in India“.If you have any questions,feel free to ask in the comments section or email us at [email protected]

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