Income Tax

How Many ​Times Can I Revise Income Tax Return

How Many ​Times Can I Revise the IT Return

how many times revised return can be filed: If a person (Taxpayer) after furnishing the Income tax return finds any mistake, omission or any wrong statement (defective return), then return should be revised within prescribed time limit.
A return can be revised before the end of the Assessment Year or before the completion of the assessment; whichever is earlier.(w.e.f A.Y 2018-19)

However for the earlier Assessment Years preceding to the )AY 2018-19 , a return can be revised before the expiry of one year from the end of the AY or before the completion of the assessment by the Department; whichever is earlier. (till A.Y 2017-18).

If original return has filed in paper format or manually, then technically it cannot be revised by online mode or electronically. ​​​

Revised return can be filed online under Section 139(5) of Income Tax Act.​​

Section 139(5) of Income Tax Act– If any person, having furnished a return under sub-section (1) or sub-section (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 the completion of the assessment, whichever is earlier.

AY- (Assessment Year)

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Advocate Birbal Sharma

Education- M.Com, LL.B, DLL, LLM Practice Courts - Rajasthan High Court, Income Tax Appellate Tribunal and Intellectual Property Right Attorney Contact Number- 09785037216 Email ID-advocatebirbalsharma@gmail.com

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