ITR Error? File Revised Return by Dec 31, 2025, or Face ₹5,000 Penalty!

• Income Tax Department is notifying taxpayers about ITR refund mismatches via email/SMS.
• Taxpayers with errors must file a Revised ITR by December 31, 2025, to correct discrepancies.
• A Revised ITR (Section 139(5)) allows correction of income details, deductions, or form category.
• Failing to file a Revised ITR by the deadline may lead to an 'Updated ITR' (ITR-U) with a ₹5,000 penalty.
• Check Revised ITR and refund status on the Income Tax e-filing portal.

Why It Matters: Correct ITR errors via Revised Return by Dec 31, 2025, to avoid penalties and delays.