Revised ITR: When and How to File
What is Revised ITR?#
Filing updated return to correct original ITR.
Reasons to Revise#
- Missed income
- Wrong deductions claimed
- Additional tax paid
- Found better tax treatment
Time Limit#
- Before end of relevant FY
- Or before assessment completion
How to File#
- Select "Revised Return" option
- Choose original ITR acknowledge
- Make changes
- File new return
Points to Note#
- Old ITR acknowledge not needed
- Mention "Revised" in return
- Cannot revise if notice received
Conclusion#
Revision helps correct errors timely.