Revised ITR Deadline Ends Today: Avoid Penalties, File Now!

• December 31 is the final deadline for filing revised or belated income tax returns for AY 2025–26 (FY 2024–25).
• Missing the deadline means taxpayers can only file an Updated Return (ITR-U) from January 1, incurring additional tax liability and procedural limitations.
• Taxpayers revise returns to correct errors, omissions, deduction/exemption claims, and reconcile data with AIS and Form 26AS.
• The Income Tax Department issued alerts and launched the "NUDGE" initiative to advise taxpayers on compliance and potential discrepancies.
• Filing by the deadline ensures smoother processing, prevents delays, and avoids higher tax outgo and restrictions associated with ITR-U.

Why It Matters: Today is the last day for revised/belated ITR for AY 2025–26; act now to avoid ITR-U.