File revised income-tax return to correct errors in original ITR by Dec 31

Any refund you are eligible for won't be processed unless you correct the mistakes in your return

After filing your income-tax return (ITR), you may discover that you have committed a few mistakes. The Income-Tax (I-T) Act, 1961, allows you to revise the return you have filed. The deadline for filing a revised return for Assessment Year 2022–2023 (FY22) is December 31, 2022.

According to Himesh Thakur, senior associate, PSL Advocates & Solicitors, “The purpose behind filing a revised return is to allow the taxpayer to rectify the errors that may have been committed previously.” 

Disclose higher or lower income

In a revised return, the taxpayer can disclose any additional income missed in the original return. He