REVISION OF INCOME TAX RETURN

As per provisions of Section 139(5) of the Income Tax Act, 1961, it provides that returns can be revised in the following situations:-

To correct the errors, that taken place in earlier return and
To include the detail that missed out providing earlier.

The below mentioned are the some examples for which return can be revised and rectify:-

To correct personal or bank details;
To correct the income mismatch with 26AS Form;
To correct ITR Form, in which return filled and
To include the income that missed to disclosed;
To claim the benefit of TDS or Advance Tax paid, if forget earlier;

FILLING OF A REVISED RETURN

A revised return can be filled in the similar way that to original return. The only difference being the revised return will carry the changes proposed to be made and also details of the earlier return filed i.e. date of filing of earlier return and the acknowledgement number.