Filing of Revised Income Tax return Under section 139(5)

An assessee who is required to file a return of income is entitled to revise the return of income originally filed by him to make such amendments, additions or changes as may be found necessary by him. Such a revised return may be filed by the assessee at any time before the assessment is made. There is no limit under the income tax Act in respect of the number of time for which the return of income may be revised by the assessee. However, if a person deliberately files a false return he will be liable to be imprisoned under section 277 and the offence will not be condoned by filing a revised return.

As per section 139(5), the revised return can be filed before the expiry of one year from the end of the relevant assessment year or before the completion of assessment, whichever is earlier.  Thus return of A.Y 2015.16 can be revised till 31st March 2017 or before the completion of the assessment whichever is earlier.


1- Revise tax returns within one year from the end of the assessment year or before the assessment. For the financial year 2010-11 one can filed the revised return up to march 2013.

2-You can’t refile your return if income tax department already completed the assessment of your return.

3-If you missed or omitted any deduction like 80C or income in the return you can file the revised return, and you need not attach any documentary evidence while filing your return..

4-If some information come to your knowledge after filing the return you can refile it.

5-The receipt no. & the acknowledgement no. is must for the refiling of the return.

6-Revision is allowed only if the omission was unintentional. The benefit of Section 139 (5) cannot be claimed by a person who has filed fraudulent returns. Section 139 (5) will apply only to cases of ‘omission or wrong statements’ and not to cases of ‘concealment or false statements’. Once you revise returns, the original stands withdrawn. If the omission(s) in the original return is intentional, the assessee will be penalised

7-No need to pay interest u/s 234A if any tax due, but you have to pay 234B, 234C interest if due

8- you can only revise the return if the original one was filed on time. Belated returns cannot be revised

9- You can file a revised return only in case of ‘omission or wrong statements’ and not for ‘concealment or false statements’

10- Returns can be revised when filed pursuant to notice under Section 148  as it is provided u/s 148 that for such return all the provisions of section 139 shall apply.

11- You will have to cough up 100 to 300 per cent of tax due as penalty for concealing income. The amount of  Penalty for such act will be 100% to 300% of your tax dues.

12- If the returns are revised before the notice under Section 148 is issued, then there is no penalty.

13- If income was hidden in the original return and is revised and disclosed after the assessing officer pursued it, then a penalty is levied. If the revised return shows a higher income than originally declared, a penalty may or may not be levied.

14- Revised returns have a higher chance of landing a scrutiny letter from the I-T department.

15- To file revised returns, one can use both the online and physical methods. However, you can revise returns online only if you have filed the original returns online and have the 15-digit acknowledgement number. You cannot, otherwise, file returns online. The I-T department searches for the original details once the returns are revised. On not finding the original return, an error is shown. Therefore, it may be wise to revise in physical form.

16- If the taxpayer has revised return after the survey and it was has found that the mistake in the original return was not bonafide then levy of penalty is justified.

17- If some income was concealed in the original return and revised return disclosing such  income is filed after the AO has unearthed such undisclosed income then penalty can be levied.

18- If the asseessee after the search filed the revised return declaring higher income than declared in original one, to buy peace of mind and to avoid litigation then penalty cannot be levied .

19- If the taxpayer has declared higher income in revised return of his own and there is nothing to prove that the taxpayer had concealed income malafidely then no penalty can be levied.

20- If the asseessee after the search filed the revised return declaring higher income than declared in original one, to buy peace of mind and to avoid litigation then penalty cannot be levied.

21- Return can be revised any number of times but within the time frame.

22- A loss income can also be revised and can be carry forward.

How to file revised return?

  • You can either use online or physical mode of return filing. But if you filed original return online then you have to file online mode only.
  • Open the excel file where you originally filed return.
  • Enable the macros.
  • Mentioned as revised return and select the Sec 139(5) instead of 139(1).
  • Do the necessary changes to your return.
  • Fill acknowledgement number and date of original return.
  • Click on compute tax, generate XML file by validating each sheet.
  • Upload the file to Income Tax e-filing site.
  • Download the revised ITR and sign it.
  • Send the original and revised ITR sheets to CPC Bangalore.

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