Revised ITR Deadline: December 31, 2025 Crucial for Taxpayers to Correct Errors

• Taxpayers can revise ITR for AY 2025-26 (FY 2024-25 income) until December 31, 2025, to correct errors.
• A revised return, filed under Section 139(5), replaces the original and helps avoid scrutiny, interest, and penalties.
• Errors like incorrect income, missed deductions, or wrong personal details can be rectified through revision.
• Belated returns cannot be revised under Section 139(5) but can be updated via Section 139(8A) with potential additional costs.
• Revising an ITR within the deadline incurs no penalty, even if the original return has been processed by CPC.

Why It Matters: December 31, 2025, is the final date for taxpayers to revise ITRs for AY 2025-26 without penalty.