Revised Return Guide (Section 139(5)): How to Correct Mistakes in Filed ITR

संशोधित आयकर रिटर्न (धारा 139(5)) नियम

Comprehensive guide to revising a filed Income Tax Return under Section 139(5) of the Income Tax Act: correcting unintentional mistakes, declaring omitted bank interest, switching regimes, statutory deadlines, and zero-penalty guidelines.

Written by: Author Profile

Direct Tax & CA Review Panel

Chartered Accountancy Review Panel • Senior Direct Tax Review Desk

Reviewed & Fact-Checked by: Technical Review Panel

Tax Law & Dispute Review Desk

Tax Litigation & Legal Review Panel • Tax Appeal & Procedure Review Desk

Published: 1st April 2026•Last Updated: 15th August 2026•Last Reviewed: 15th August 2026

Key Statutory Highlights (FY 2026-27 (AY 2027-28))

Under Section 139(5), any taxpayer who discovers an omission or wrong statement in their filed return can submit a revised return.

Statutory Deadline: Must be filed on or before 31st December of the relevant Assessment Year (e.g., 31st December 2027 for AY 2027-28), or before completion of assessment, whichever is earlier.

Zero penalty: No late fee or penalty is charged for filing a revised return.

Can revise both timely filed returns (u/s 139(1)) and belated returns (u/s 139(4)).

Once filed, the revised return completely substitutes and replaces the original return.

Who is Eligible & When Does it Apply?

Applicability #1

Any taxpayer who has already filed an original return for the relevant Assessment Year.

Step-by-Step Procedure & Compliance Roadmap

Locate Original Acknowledgement Number

Find the 15-digit acknowledgement number and filing date of the original ITR.

Select 'Revised Return u/s 139(5)' on Portal

Start a new filing for the same AY and choose 139(5) under filing section.

Correct Omitted Data & Pay Additional Tax if Due

Update salary, deductions, or other income; pay any balance self-assessment tax.

Submit & E-Verify within 30 Days

Complete e-verification using Aadhaar OTP.

Mandatory Documents Checklist

Original ITR-V Acknowledgement, Revised income computation sheet, Challan proof of additional tax paid

Common Mistakes & Compliance Risks to Avoid

•Filing as a fresh return under Section 139(1) instead of selecting Section 139(5) Revised Return.

•Waiting past the 31st December statutory cutoff.

Frequently Asked Questions

How many times can I revise my ITR?

There is no statutory limit on the number of times an ITR can be revised, provided each revision is submitted before the 31st December deadline of the Assessment Year.

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Related Tax Knowledge

Belated ITR Guide ITR Forms Overview

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🛡️ Educational Disclaimer: FinSetu India is an independent educational guidance and calculation platform. Content is published for general citizen awareness based on applicable laws as of FY 2026-27 (AY 2027-28). We do not provide personalized legal/tax advice or file returns directly. Verify current applicable rules on official portals or consult a qualified Chartered Accountant / Tax Lawyer.