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If you have filed the wrong ITR, then you can file a revised returns.
The ITR Filing date has been extended to September 15. (Representative Image)
The income tax department has finally activated the ITR-2 and ITR-3 forms for e-filing income tax returns for the financial year 2024-25 (assessment year 2025-26). With that, all major ITR forms from 1 to 4 are available to file by taxpayers.
The income tax department earlier announced the extend the deadline for filing the ITR FY2024-25 until September 15, 2025, giving more time to taxpayers.
One of the most common mistakes taxpayers make is selecting the wrong ITR form, which could lead to notices from the tax department or even penalties. Therefore, it’s important to be cautious while filing the returns, especially when choosing the ITR form depending upon your income and eligibility.
Steps to Fix a Wrong ITR Form
Step 1: Identify the Correct ITR Form
You have to review your income sources and eligibility to select the appropriate form. For example:
ITR-1 (Sahaj): This form is for salaried individuals with income up to Rs 50 lakh, and having one house property, and no business income or capital gains.
ITR-2: This form is for individuals with income from multiple properties, capital gains, or foreign assets, but having no business income.
ITR-3: This form is for individuals with business or professional income.
ITR-4: This form is for presumptive business or professional income under Sections 44AD, 44ADA, or 44AE.
You can use the “Help me decide which ITR Form to file” tool on the Income Tax e-filing portal to confirm the correct form based on your income and status.
File a Revised Return (Under Section 139(5)):
When to File: If you have filed the wrong ITR, then you can file a revised returns. However, you should do before the ITR filing deadline (September 15 without penalty and December 31 with penalty), for AY 2025-26, unless extended). There’s no limit on the number of revised returns, as long as they’re filed within this timeline.
You should also remember that your return hasn’t been processed so far. If it’s done, then you can’t file the revised return.
How to File:
Log in to the e-filing portal (incometax.gov.in).
Go to “e-File” > “Income Tax Returns” > “File Income Tax Return.”
Select “Revised u/s 139(5)” as the filing type.
Enter the acknowledgment number and filing date of the original return.
Choose the correct ITR form, update all details, and submit.
E-verify the revised return using Aadhaar OTP, net banking, or digital signature within 30 days, or send the signed ITR-V to the Centralised Processing Centre (CPC) in Bengaluru.
Note: The original return must have been filed on time to file a revised return. Verify the original return first, as unverified returns cannot be revised.
File an Updated Return (Under Section 139(8A)):
If the deadline for a revised return (December 31, 2025) has lapsed, you can file an Updated Return (ITR-U) within 48 months from the end of the relevant financial year (i.e., by March 31, 2029, for FY 2024-25).
ITR-U allows corrections but may attract additional tax or penalties for underreported income. Consult a tax professional to assess the implications.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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