Revised ITR vs original ITR: What happens after you file a correction

ITR Filing

• Revised ITR replaces the original; only one remains on record
• No action needed if revised ITR is processed and refund issued
• ITR can be revised by December 31 or proposed March 31 deadline

Did our AI summary help?

The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31 if the taxpayer discovers any mistakes or omissions.

The Ask Wallet-Wise initiative offers expert advice on personal finance and money-related queries. You can email your queries to askwalletwise@nw18.com, and we will try to get a top financial expert to address them.

I submitted ITR 2 on July 27, 2025. I then realised there were some omissions in the submission. I showed less dividend income than was reported in the AIS (Annual Information Statement). The actual dividend was Rs 5,000 higher. 

Another mistake concerned the reported capital gain. I’d submitted a revised ITR on October 31, 2025, rectifying the previous omissions. Accordingly, the Central Processing Centre (CPS) processed the refund on December 3, 2025. But the original ITR has not yet been processed. Is it necessary to take up the matter with them? 

Expert’s Advice: The income tax laws allow a person to file a revised Income Tax Return (ITR) by December 31, in case the taxpayer finds some mistakes or omissions. A person can revise their ITR whether the ITR was filed by the due date or belatedly. Earlier, only an ITR filed by the due date could be revised, but the law was changed a few years back to allow even a belated ITR to be revised within the time permitted.

As per the budget proposals, the date by which a person can revise his income tax return is proposed to be extended till 31st March of the assessment year for the convenience of the taxpayers.

As per the income tax laws, the revised ITR replaces the earlier ITR filed. And therefore, only one ITR remains on the records. Since the revised ITR replaces the earlier ITR, there is no requirement to take cognisance of the earlier ITR. Since your revised ITR has already been processed and the refund has been issued, you need not do anything and need not worry at all.