How to File a Revised ITR: Step-by-Step Portal Guide

When to File a Revised Return

• Forgot to report income (capital gains, interest, freelance income)
• Claimed wrong deductions or exemptions
• Selected wrong ITR form
• Want to switch between old and new tax regime (with conditions)
• Bank account details need updating
• Discovered errors after comparing with AIS/TIS

Deadline

Step-by-Step Process

1. Log in to incometax.gov.in → 'e-File' → 'Income Tax Returns' → 'File Income Tax Return'
2. Select the Assessment Year and choose 'Revised Return' under Section 139(5)
3. Enter the acknowledgment number and date of the original return
4. Fill in the corrected details (pre-filled data from the original return loads automatically)
5. Verify all schedules — especially the ones you're correcting
6. Submit and e-verify the revised return

Regime Switching via Revised Return

Salaried employees (no business income) can switch between old and new regime by filing a revised return. If you filed under the new regime and later realized old regime saves more tax (or vice versa), you can switch. However, taxpayers with business income who opted out of the new regime can only switch back once in a lifetime.

Common Mistakes When Revising

• Forgetting to enter the original return's acknowledgment number
• Not re-verifying the revised return (it's treated as a new return for e-verification purposes)
• Changing only the error but not rechecking other schedules that might be affected
• Filing after December 31 — after this date, only ITR-U (updated return) is available with additional tax