Forgot to Claim Deduction or Filed Wrong ITR? Correct Your ITR with Revised Return u/s 139(5)



Quick Summary
If you've made errors on your Income Tax Return (ITR), you can correct them by filing a Revised Return under Section 139(5) of the Income-tax Act, 1961. This allows you to rectify mistakes like missed deductions, incorrect income reporting, or omitted TDS credits. The deadline for filing is generally three months before the end of the assessment year or before the assessment is completed, whichever is earlier.

If you have made a mistake in filing your Income Tax Return (ITR), do not worry. The Income-tax Act, 1961 provides scope to correct such mistakes. In this article, we will discuss in detail what can be done if you discover an error in your ITR. Taxpayers have two principal options in such situation
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