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Sec 139(5) : Revised Return under Income Tax

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Sakshi Shah

139(5)
Income Tax
Income Tax Filing
IT Notice
Last updated on September 10th, 2021

Revised Return under section 139(5) means filing an income tax return once again to rectify errors and omissions made while filing the original income tax return. You can file a Revised Return if you discover a mistake made in filing your original ITR. Further, if the income tax department issues a notice for any errors made in the ITR, you need to file a Revised Return. It is important to e-verify the Revised ITR within 120 days of filing. You can file a Revised Return from your account on www.incometaxindiaefiling.gov.in. To file your ITR using the help of a Chartered Accountant, refer to the plans below.

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Points to keep in mind before filing Revised Return u/s 139(5) in Income Tax

When do you file a Revised Return under Sec 139(5)?

Revising on your own

  1. To rectify errors or mistakes made in the original Income Tax Return
  2. To disclose income or information not reported in the original Income Tax Return

Example

Revising in response to a notice

  1. If the assessee agrees to a mismatch in the notice for proposed adjustment under Sec 143(1)(a)

2. When the assessee pays outstanding demand as per Sec 143(1) and then files a Revised Return

Example

Due Date to file Revised Return under Income Tax

As per the Income Tax Act, a Revised Return can be filed up to the end of the assessment year or before completion of the assessment, whichever is earlier. This means that an assessee can file a revised return up to one year from the end of the financial year.

due date extension for AY 2021-22

Note: AY 2018-19 onwards, the time limit to file a revised return was reduced. Thus, the due date was:
AY 2018-19 onwards – by the end of relevant the Assessment Year
Up to AY 2017-18 – within 1 year from the end of the relevant Assessment Year

Example

How to file Revised Return u/s 139(5)?

You can file a Revised Return from your account on the income tax website.

Here is the stepwise process to file Revised Return on the Income Tax website.

Year Can I revise Belated Return? Time Limit to file Revised Return
FY 2016-17
AY 2017-18
No Belated Return cannot be revised
FY 2017-18
AY 2018-19
Yes By end of Assessment Year i.e. up to 31/03/2019
FY 2018-19
AY 2019-20
Yes By end of Assessment Year i.e. up to 31/03/2020. Due to Covid-19, it was extended to 30th November 2020.

FAQs

Can I file a Revised Return for a Belated Return filed after the due date?

Yes. As per the amendment in Budget 2016, you can now file Revised Return u/s 139(5) for a Belated Return u/s139(4) from AY 2018-19. Here is an example.

How many times can a revised return be filed?

A return can be revised any number of times before the expiry of one year from the end of the assessment year or before the assessment by the department is completed, whichever event takes place earlier.

Can I file a Revised Return after the original ITR is processed?

Yes, you can file a revised ITR before the due date, even when your original ITR is processed and tax refund is issued (in case you were eligible for a tax refund).

Got Questions? Ask Away!

  1. Hey @TeamQuicko

    What is the time limit in which I need to respond to the notice under section 139(9)?

  2. How can I respond to the notice received online?

  3. How much time it will take to process the refund once response to notice u/s 139(9) is filed?

  4. Hey @HarshitShah

    It is very common to receive a notice from the Income Tax Department. The notice sent to you might be a routine inquiry or a request for clarification. There is no need to worry when you get a notice from the Income Tax Department. You will have 15 days time in which you will need to respond to the notice/file revised ITR.

    Hope this helps!

  5. Hey @ViraajAhuja47

    In case of any defects in the Income Tax Return, Assessing Office can issue notice u/s 139(9). If you have filed a return within 15 days of issue of notice, then it will generally take 60 days to process the return once it is sent for processing.

    Hope this helps! :slight_smile:

  6. Hey @HarishMehta

    It is mentioned in the notice that in case one does not respond in the stipulated time, the return will be processed by restricting the credit for the TDS proportionately.

    To give an example: There are 2 incomes mentioned in Form 26AS as below:

    Salary from A - 100000 & TDS deducted - 10000
    Salary from B - 200000 & TDS deducted - 20000

    In case you have not reported either of the above income in ITR then you may receive a notice for the mismatch.

    Thus, in the above example if you don’t respond in the time, then ITD will add the income of both of the above but will not give the credit of TDS not mentioned in ITR and process the return.

    Hence, it is always advisable to respond to the Income Tax Notice in the given time period.

    Hope this helps!

  7. Hi @Shweta_Saini ,

    Notice u/s 144(1) is issued in the following cases:

    -When ITR is not filed within due date by a taxpayer
    -When a taxpayer fails to provide a response to an inquiry of AO (Assessing Officer) for filed ITR,
    -When a taxpayer fails to provide a response to assessment notice for filing ITR.

    Here, AO can assess the total income or loss of a taxpayer based on the information gathered by them. AO usually gives the taxpayer an opportunity to present their case and provide necessary documents. Hence response to 144(1) can be given after looking at the cause of the notice and with supporting documents.

  8. Hey @SreeSSXP

    Since you had high value transactions and ITR has not been filed for AY 2020-21, ITD has flagged your PAN. Thus, you have to file ITR before March 31, 2021 and respond to the transactions on IT Portal.

    You can reach out to us on help@quicko.com or alternatively get in touch with us at +91-7575831310 so someone from our team can get in touch with you for process, pricing and discounts?

  9. Hi,

    I filed IT return for last financial error in the month of 10-Jan-2021 via Quicko. I made a loss in trading and I have shown the same in IT return for carrying forward.

    Today I got a mail from IT stating it cannot be carry forwarded as I filed late. The IT filing last date was extended due to covid and I remember filing before the last date. This is my first IT filing and I’m not sure what to do. Kindly advice.

    Snapshot of email attached below

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