What is Sec 139(5) ?

Section 139(5) of the income tax act provides an assessee with a chance to revise his/her return. For e.g. if you have made some errors in ITR filing like (but not limited to):

  • Given incorrect personal or bank details,
  • Filed ITR using wrong form,
  • Income mismatch with Form 26AS,
  • Mentioned wrong residential status,
  • Forgot to disclose, any foreign income or foreign asset etc.

Then in such cases, you will have the option to file revised return with correct information or disclosures.
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What is the last date to file revised return ?

As per Sec 139(5), an assessee can file revised return before the end of relevant assessment year or before completion of assessment, whichever is earlier.
In simple words, revised return for AY 2018-19 (FY 2017-18), the last date will be earlier of 31st March 2019 or completion of assessment.
One important thing to note is about an amendment in section 139(5) of income tax act. Prior to FY 2017-18 (AY 2018-19), revised return could be filed till; before the expiry of 1 year from the end of relevant AY.
This means, revised return for AY 2017-18 (FY 2016-17) can be filed till earlier of 31st March, 2019 or completion of assessment.
Know about difference between AY & FY.

Who can file revised return ?

If you have filed income tax return then you can also file a revised return. In simple words, a return has to be already filed to revise it.

Now, you must be thinking, what if I file return after due date? Will I still be able to file revised return?

The answer is YES. When ITR is filed after due date then it is called a Belated Return & income tax act says that a belated return can be revised. But this was not the case till FY 2016-17 (Ay 2017-18), as only those returns were allowed to be revised which were filed before due date as per Section 139(1).

How to file revised return in income tax website ?

Filing revised return is very easy & similar to filing original return.

In case of ITR 1 & ITR 2, you can file a revised return directly through incometaxefiling website. Simply log-in to your account & go to File Income Tax Return>Prepare & Submit Online. Once the ITR form is shown, go to tab Part A General Information & below you’ll find option “Return Filed”. A drop down list will be shown, select point 17 & ITR form will automatically ask for original return receipt number & date of filing return. Rest provide all the new/revised details and file the return.

Return Filed
Aadhar enrolment id

ITR 2, ITR 3, ITR 5, ITR 6 & ITR 7, the revised return can be filed by uploading offline utilities only. Below we have attached live screenshots of offline ITR form for your reference.

uploading offline utilities
uploading offline

Once you file the revised return, do not forget to verify it. ITR can be verified either online or offline & if you fail to do so then the original return will be considered as filed return.

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Also, you can revise income tax return as many times you want. The income tax department does not specify number of times a return can be revised. But it is recommended to file revised return (if required) only once, with all the revisions needed to be covered. As countless number of revisions can attract unwanted attention of income tax authorities.

To Conclude

Well at the end of the day, we are human beings & bound to make such innocent mistakes.

And our Income Tax Department, recognize as well as acknowledge this fact. As a result, sections like 139(5) are given to provide relief in the form of revised return

We hope, all your queries related to revised return are now solve. Still, if you face any issue then do not hesitate & get in touch with our experts to help you.

Also, if you haven’t file Income Tax Return yet, then file it before 31st August for FREE & avoid Sec 234F late filing penalty.

Points to keep in mind for filing Revised return

  • If you have not filed your original ITR on time which means you have file belated return in that case also you can file revised return. However, upto A.Y. 2017-18 it was not allowed, only return filed on time was allowed to revise.
  • Revise return can be filed in following cases :
    - If there is any omission or
    - A wrong statement has been filed

Which means revise return cannot be filed for “concealment or false statement”

  • Revise return completely substitute original return.
  • Revise return can be filed only by filing a revised return under section 139 (5) and not by way of filing a plain letter for the same.
  • You can revise your return even if your return has been processed and you have received refund subject to time limit given under this section.
  • In case you want to change your ITR Form, in that case also you can file a revised return.
  • For filing revised return, it is mandatory to mention original acknowledgement no. and date of original return.
  • Revise return can be filed within following time limit:
    - Before the end of the Relevant A.Y or
    - Before the completion of Assessment

Frequently Asked Questions

Q- Can I file revised income tax return?

Ans. Yes assessee can file the revised income tax return before the expiry of relevant assessment year or before the completion of assessment.

Q- How do I correct my submitted income tax return?

Ans. A revised return can be filed to correct the error in the original return.

Q- Can I file revised return ay 2018-19?

Ans. Return filed for AY 2018-19 can be revised upto 31st march 2019 or before the assessment commences whichever is earlier.

Q- When should we file revised income tax return?

Ans. A revised return can be filed by the assessee before the expiry of relevant AY or before the completion of assessment.

Q- How do I correct a defective income tax return?

Ans. A defective return can be corrected by filing revised return.

Q- Who can file revised return?

Ans. Person who files the original tax return on or before the due date can file the revised income tax return before the completion of relevant AY or before the completion of assessment.

CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.