ITR Revised Return Window Closed: How to Still Claim Your Tax Refund

Personal finance
C
CNBC TV18•01-01-2026, 13:56
ITR Revised Return Window Closed: How to Still Claim Your Tax Refund
- •The deadline for filing revised or belated ITR for FY 2024-25 (AY 2025-26) closed on December 31, but refunds are still possible.
- •Taxpayers can use Section 154 rectification for processed returns with errors like TDS mismatch or calculation mistakes to claim/increase refunds.
- •If your ITR is "under processing," wait for the Income Tax Department to process it; refunds will be issued automatically if due.
- •An Updated Return (ITR-U) can be filed but cannot be used to claim new refunds or increase existing ones; it's for reporting additional income.
- •Check ITR status, review intimation notices, and file rectification requests promptly; ensure bank details are verified for timely refunds.
Why It Matters: Missed ITR revision? Section 154 rectification is key for refunds; ITR-U is not for claiming refunds.
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