What is revised income tax return

A revised income tax return, filed under Section 139(5) of the Income Tax Act, 1961, allows taxpayers to correct errors or omissions in their original filing. If you discover mistakes such as misreported income, missed deductions, or incorrect bank details, you can file a revised return to rectify them. Once submitted, it completely replaces the original return and becomes the final record. This provision ensures your tax filings are accurate and compliant without any penalty for genuine corrections made before the assessment is completed or the applicable deadline expires.