The Income Tax Department has set December 31, 2024, as the final date for revising income tax returns for the Assessment Year 2024-25. If you have already filed your return but realized there were errors or omissions, this is the last opportunity to correct them without facing penalties.

Revising your return is important if you need to amend mistakes such as incorrect income, missed deductions, or wrong tax calculations. Filing a revised return can help you avoid penalties or interest due to discrepancies. The revised return must be filed before the deadline, and any changes should be accurately reported to reflect the correct tax liability.