The last date for revised ITR for the current assessment year is just one day away. As the clock ticks closer to December 31, 2025, taxpayers across the country are anxious about whether the Income Tax Department will extend the deadline. With emails, SMS alerts, and refund-related messages being sent in bulk, the pressure on both taxpayers and tax professionals has increased significantly.
Many individuals who have discovered errors in their income tax returns for income earned during the 2024–25 financial year are now racing against time to correct them before the deadline expires.
Why the Last Date for Revised ITR Matters
The last date for revised ITR is crucial because it allows taxpayers to correct genuine mistakes without facing penalties. Errors such as missing income, incorrect deduction claims, wrong bank details, or mismatches with AIS and Form 26AS can lead to refunds being delayed or held back.
In recent weeks, the Income Tax Department has actively nudged taxpayers to review their returns. For many, filing a revised return has become essential to unblock refunds or align their reported income with departmental records.
What Is a Revised Income Tax Return?
A revised income tax return gives taxpayers a legal opportunity to correct errors or omissions in the original return. These errors may relate to income reporting, deductions, exemptions, or even clerical mistakes.
According to CA, “A taxpayer may revise their Income Tax Return if an error or omission is discovered after submission. This is permitted under Section 139(5) of the Income-tax Act, 1961.”
He further explains that once filed, the revised return replaces the original return and becomes the valid return for that assessment year.
Is There Any Penalty for Filing a Revised ITR?
One of the biggest concerns among taxpayers is whether revising a return attracts penalties. Experts clarify that filing a revised return does not attract any penalty, as long as it is done within the prescribed time limit.
Expert confirms, “Filing a revised return does not lead to penalties if it is submitted within the permitted timeline.”
What Is the Deadline for Filing a Revised ITR?
The law clearly states that a revised return must be filed on or before December 31 of the relevant assessment year, or before the completion of assessment—whichever is earlier.
“For Assessment Year 2025–26, the last date for revised ITR is December 31, 2025,” CA says.
Importantly, even taxpayers who filed their original return late can still revise it within this deadline, provided the assessment has not been completed.
What If the Revised ITR Deadline Is Missed?
If taxpayers miss the last date for revised ITR, they still have an alternative option. Errors can be corrected by filing an updated return under Section 139(8A).
However, this option comes with conditions. Updated returns can be filed within 48 months from the end of the assessment year, but additional tax, interest, and penalties may apply.
How to File a Revised ITR Online
Filing a revised return is a fully online process. Taxpayers must log in to the Income Tax e-Filing portal, select the relevant assessment year, and choose the option to file a revised return.
Details such as the acknowledgement number and filing date of the original return are required. After making corrections, the return must be submitted and e-verified to complete the process.
Will the December 31 Deadline Be Extended?
As the last date for revised ITR approaches, many taxpayers and professionals are requesting an extension. Social media platforms are filled with complaints about portal issues and the sudden surge in revision requests due to departmental alerts.
Last year, the CBDT extended the deadline for AY 2024–25 to January 15, 2025, which has raised hopes of similar relief this year. However, no official announcement has been made so far.
With no confirmation of an extension, taxpayers should not rely on last-minute relief. Those who need to revise their returns should act immediately and complete the process before December 31, 2025, to avoid complications, delayed refunds, or additional tax costs.
Want to understand how to avoid refund delays in the future? Receive our expert guidance on accurate tax filing and faster refund processing – Click here.
