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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

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5 min read Last Updated : Dec 22 2022 | 10:07 PM IST

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

Topics : Tax Revenue income tax returns tax refunds Income Tax Act ITR tax returns ITR filing ITR forms Income Tax filing Income Tax department

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