Income Tax Alert: File Revised ITR by Dec 31! Step-by-Step Guide

• IT Dept sending alerts for pending refunds, advising revised ITR by Dec 31, 2025, if return is "under risk management process."
• Taxpayers can file revised ITR for errors; no limit on revisions before Dec 31, 2025, for AY 2025-26.
• Revised ITR possible only if original return is unprocessed, filed on time, and verified.
• Steps: Log in to incometax.gov.in, e-File, select "Revised u/s 139(5)", enter details, update, submit, and e-verify.
• Missed revised ITR deadline? File an Updated Return (ITR-U) by March 31, 2029, but expect potential additional tax/penalties.

Why It Matters: Act fast on IT alerts: file revised ITR by Dec 31, 2025, or face penalties with an updated return.