Section 139(5) Allows Revised Tax Returns for Errors; Includes Belated Returns from 2017-18 Onwards.

Section 139(5) of the Income Tax Act allows individuals to file a revised return if they discover omissions or errors in their original return. For assessment years up to 2016-17, belated returns could not be revised. From the assessment year 2017-18 onwards, belated returns can be revised. A revised return can be submitted before three months prior to the end of the relevant assessment year or before the completion of the assessment, whichever is earlier. Revised returns replace the original returns from the date of filing, and multiple revisions are allowed within the limitation period.

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