Income tax return can be revised u/s 139(5) of Income Tax Act. If any person after furnishing a return of income discovers any error or omission in the original return, then he may furnish a revised return at any time before the expiry of the end of the applicable Assessment Year or before the completion of assessment, whichever is earlier.

 

Which returns can be revised?


  • Return filed under Section 139(1) – Original Return of Income
  • Return filed after due date i.e. Belated Return under Section 139(5)

 

Amendment: From FY 2016-17 i.e. AY 2017-18 and onwards income tax return filed under section 139(4), which is belated tax return can be revised. However, belated returns filed for previous financial years cannot be revised because this change is applicable from FY 2016-17 onwards. 

 

How many times can revised return be filed?


Revision can be made any number of times before the expiry of the end of  the applicable assessment year or before assessment done by the department is completed, whichever is earlier.

 

Time Limit to Revise a Return

The assessee can revise return any time


  • Before the expiry of the end of the relevant Assessment Year; or
  • Before the completion of assessment

 whichever is earlier.

 

For E.g: If Mr. Vijay files his return for F.Y. 2017-18 (A.Y. 2018-19) on 22th July 2018. And after that, if he finds some mistake, then he can revise his Income Tax Return anytime upto 31st March 2019 or before the completion of Assessment, whichever is earlier.

 

The original return filed under Section 139(1) or return filed under Section 139(5) i.e. belated return shall be deemed to be withdrawn and substituted by the Revised Return

 

Procedure for filing a Revised Return u/s 139(5)


1. In the column “Return filed”, choose the option – Revised Return u/s 139(5) from the dropdown.


2. In the column “Whether original or revised return? Select option “Revised”.


3. In the column “If Revised/ Defective ”: Enter the


  • Original Acknowledgment Number obtained at the time of filing of original income tax return (15 Digit Receipt Number of Original Return); and
  • Date of filing of Original Return.


4. Now fill all other information same as it was under original return after correcting the mistake or omission.   

 

Revised Return Provisions:


  • The original return filed u/s 139(1) or return filed u/s 139(5) i.e. belated return shall be assumed to be withdrawn and substituted by the Revised Return.
  • The revised return should have to be filed in the same manner as the original return was filed. In case original return was filed electronically, revised return should be filed electronically as well.
  • From FY 2016-17 i.e. AY 2017-18 and onwards income tax return filed under section 139(4), which is belated tax return can be revised. However, belated returns filed for previous financial years cannot be revised because this change is applicable from FY 2016-17 onwards. 
  • You can still revise your return even if you have received Refund from Income Tax Department.
  • Return can be revised only if the omission or mistake in the original return which was unintentional.