What Is a Revised Income Tax Return?
A revised return allows a taxpayer to correct an omission or mistake in an Income Tax Return already filed. For AY 2026-27, the Income Tax Department states that the revised-return deadline has been extended to 31 March 2027, with an additional fee applying to certain revisions filed after 31 December 2026.
Quick Answer
In practical terms, A revised return allows a taxpayer to correct an omission or mistake in an Income Tax Return already filed. For AY 2026-27, the Income Tax Department states that the revised-return deadline has been extended to 31 March 2027, with an additional fee applying to certain revisions filed after 31 December 2026.
When should you revise an ITR?
Common reasons include omitted income, incorrect deductions, wrong bank details, incorrect capital-gains figures, TDS mismatches or other errors discovered after submission.
AY 2026-27 revised-return deadline
The Income Tax Department's AY 2026-27 FAQ states that the revised-return deadline is extended to the end of the relevant assessment year, which is 31 March 2027 for AY 2026-27.
Additional fee after 31 December 2026
For AY 2026-27, the Department states that section 234I applies when the revised return is filed after 31 December 2026 and before 31 March 2027, with the prescribed fee depending on total income.
Keep the correction complete
A revised return should not merely fix the single visible error if the correction changes other schedules, tax computation or disclosures. Reconcile the complete return before submitting the revision.
Related EZTax Questions
- Which ITR Form Should I File for AY 2026-27?
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