Updated 3 years ago. If a filer files income tax return for the first time for the financial year, it is called original return. If any modification is required in original return then a filer has to file revised return.

What if income tax return is wrongly filed?

A mistake made at the time of filing ITR can be corrected by filing revised ITR. Section 139(5) of the I-T Act states that after filing their return if someone discovers any omission or wrong statement, he can furnish a revised return.

Does revised return replaces original return?

The revised return replaces the original return and is deemed to have been filed on the same date on which the original return was filed. A revised income tax return can be filled at any time before the expiry of the relevant assessment year or before completion of the assessment, whichever is earlier.

When to file Form 1040X for tax refund?

To avoid delays, file Form 1040X only after you’ve filed your original return. Generally, for a credit or refund, you must file Form 1040X within 3 years after the date you timely filed your original return or within 2 years after the date you paid the tax, whichever is later. Allow the IRS up to 16 weeks to process the amended return.

How to file an amended income tax return?

1 Include copies of any forms and/or schedules that you’re changing or didn’t include with your original return. 2 To avoid delays, file Form 1040-X only after you’ve filed your original return. 3 Allow the IRS up to 16 weeks to process the amended return.

When do I have to file my 2015 tax return?

Returns filed before the due date (without regard to extensions) are considered filed on the due date. example Robert’s 2015 tax return was due April 15, 2016. He filed it on March 20, 2016. He amends the 2015 return, expecting the correction to result in a refund.

What kind of tax return do I Need?

If you didn’t claim the correct filing status or you need to change your income, deductions, or credits, you should file an amended or corrected return using Form 1040X, Amended U.S. Individual Income Tax Return.