New Delhi, Aug. 3 -- Taxpayers who filed their Income Tax Returns (ITRs) for the assessment year 2026-27 before the 31 July deadline but later spotted an error or omission still have an opportunity to correct it.

Although the 31 July deadline has passed, the Income Tax Act, 1961, permits eligible taxpayers to revise their returns if certain conditions are met.

A revised return helps taxpayers correct inadvertent mistakes such as omissions of income, incorrect deduction claims, errors in banking account details and common reporting lapses.

Filing a corrected ITR return not only ensures compliance but also reduces the risk of future notices triggered by mismatched tax details.

Nishant Shanker, Tax Controversy & Dispute Resolution, Navra...