Income Tax Refund Status LIVE Updates: Last day to file revised ITR today? What Income Tax Department has said

Income Tax Refund Status LIVE Updates: The Income Tax Department is yet to process around 70 lakh tax returns as of 28 December 2025, reported the news portal Moneycontrol.

As per media reports, for the assessment year 2025-26, 8.4 crore ITRs have been filed, and nearly 7.8 crore ITRs have been processed. More than 21 lakh revised ITRs have been filed this year due to mismatches and compliance messages from the authority.

Income Tax Refund Status LIVE Updates: Taxpayers are mandated to file their income tax returns (ITRs) and their revised ITRs within the mandated deadline.

In case a taxpayer misses their 31 December 2025 deadline for filing revised returns, then only if there is a genuine hardship or equivalent reason, the taxpayer may be allowed to file an application after the deadline with heavy penalties and interest.

Experts told Mint that if the taxpayers miss their deadline, a condonation of delay can be filed based on genuine hardship or an equivalent reason with the tax department.

Income Tax Refund Status LIVE Updates: Taxpayers who are looking to file their revised tax returns can do so by following the steps mentioned below on the tax department website.

Step 1: Visit the official income tax portal at https://eportal.incometax.gov.in/iec/foservices/#/login

Step 2: Log in to your account with your user ID and password.

Step 3: Select the ‘e-File’ tab, click on ‘Income Tax Returns’ followed by ‘View Filed Returns’

Step 4: The status of your current and past income tax returns will be displayed on the screen.

Step 5: Select the ‘View details’ to check the status of your income tax refund.

1. If the taxpayer has mistakenly omitted, reduced, or exaggerated their income.

2. In case the taxpayer omitted deductions or claimed excess deductions or exemptions on their initial return.

3. If there had been any miscalculations or missed necessary disclosures in their filing.

4. If the taxpayer had chosen the wrong ITR form.

5. In case the taxpayer claimed less refund than they were eligible for.

According to Section 143(3) of the Income Tax Act, taxpayers cannot file a revised return once the assessing officer completes the assessment. So there is no limit to how many times one can file a revised return if there are mistakes in the previous filings.

Earlier this month, the Central Board of Direct Taxes (CBDT) had said that through data analysis it has observed that huge amount of bogus claims have been made on account of donation to Registered Unrecognised Political Parties (RUPPs) or Charitable Institutions and reduced their tax obligations and have also claimed bogus refunds.

“It's should be 60 day gap between original ITR and revised ITR. Original ITR - 10 November. February 10 must be Revised ITR. You are all harassing CA and Tax payers. And ignored rights of tax payers. Do needful,” says a taxpayer.

“It is advised that the concerned taxpayers review their ITRs, verify the correctness of their deduction and exemption claims, and revise their returns, if required, within the prescribed time by December 31, 2025, so as to avoid further enquiries in the matter," the income tax department said earlier this month.

Over 21 lakh taxpayers have updated their income tax returns during the current fiscal and paid ₹2,500 crore in taxes.

Users have been complaining about the income tax portal not working due to glitches and have demanded an extension to the deadline.

The Ministry of Corporate Affairs announced on Tuesday that it has extended the due date for filing financial statements and annual returns under the Companies Act until 31 January 2026.

Step 1: Open the official income tax portal at https://eportal.incometax.gov.in/iec/foservices/#/login

Step 2: Log in to your account with your user ID and password.

Step 3: Select the ‘e-File’ tab, click on 'Income Tax Returns' followed by ‘View Filed Returns’

Step 4: The status of your current and past income tax returns will be displayed on the screen.

Step 5: Select the 'View details' to check the status of your income tax refund.

Taxpayers can file Updated ITR if they miss the 31st December deadline. However, they will lose a number of benefits and may have to pay a penalty.

The last date to file revised ITR is today, 31 December as the Income Tax Department has not yet announced an extension.

Income Tax Refund Status LIVE Updates: Income Tax Department data showed that taxpayers have paid more than ₹2,500 crore in taxes for the assessment year 2025-26.

Income Tax Refund Status LIVE Updates: If the taxpayers decide to file their tax returns within the mandated deadline, then they will not be subject to any form of penalties.

In case the taxpayers fail to file a revised ITR, they decide to file a condonation of delay request with the tax authorities,then they will be subject to heavy penalties with interest.

Income Tax Refund Status LIVE Updates: Taxpayers who have submitted multiple tax returns will have to get their new returns independently validated, according to experts.

“Every new return shall be termed a new return, and without verification, none shall be termed valid returns, regardless of how the previous returns were verified,” Siddharth Maurya, Founder of Vibhavangal Anukulakara, told Mint.

Hence, each revised tax return will be treated as a fresh return and therefore requires its own verification.

Income Tax Refund Status LIVE Updates: According to Section 143(3) of the Income Tax Act, taxpayers cannot file a revised return once the assessing officer completes the assessment. So there is no limit to how many times one can file a revised return if there are mistakes in the previous filings.

Income Tax Refund Status LIVE Updates: Taxpayers who are looking to file their revised income tax refunds (ITRs). Follow the steps mentioned below to check the latest ITR refund status —

Step 1: Open the official income tax portal at https://eportal.incometax.gov.in/iec/foservices/#/login

Step 2: Log in to your account with your user ID and password.

Step 3: Select the ‘e-File’ tab, click on 'Income Tax Returns' followed by ‘View Filed Returns’

Step 4: The status of your current and past income tax returns will be displayed on the screen.

Step 5: Select the 'View details' to check the status of your income tax refund.

Income Tax Refund Status LIVE Updates: Taxpayers need to get their revised income tax return (ITR) verified in all cases. If a revised return is not verified via online or a signed method, then either the filing is treated as invalid or deemed never to have been filed.

The Income Tax Department will not process the revised return unless the verification is completed within the mandated time, as reported by Mint earlier, citing Siddharth Maurya, Founder of Vibhavangal Anukulakara.

Income Tax Refund Status LIVE Updates: Experts highlighted that the taxpayers are required to file their ITRs within the mandated deadline of 31 December 2025. However, if in the case of a genuine hardship or equivalent reason, they miss the deadline, the taxpayer may have to pay heavy penalties and interest, but a condonation application can be filed after the deadline.

“Regarding condonation of delay, an application can be filed with prescribed authority for filing income tax returns for claiming refunds or carry forward of losses. Authorities are prescribed to accept or reject such claims based on monetary limits,” Mihir Tanna, Associate Director of Direct Tax at SK Patodia & Associate LLP Chartered Accountants said.

Income Tax Refund Status LIVE Updates: Taxpayers should consider filing a revised income tax return (ITR) if they have made any of the following errors while filing their original tax returns.

1. If the taxpayer has mistakenly omitted, reduced, or exaggerated their income.

2. In case the taxpayer omitted deductions or claimed excess deductions or exemptions on their initial return.

3. If there had been any miscalculations or missed necessary disclosures in their filing.

4. If the taxpayer had chosen the wrong ITR form.

5. In case the taxpayer claimed less refund than they were eligible for.

ITR refund status LIVE: Taxpayers who are looking to file their revised income tax returns (ITRs) for the financial year ended 2024-25 or the assessment year 2025-26, will have to file the same on or before 31 December 2025.

People will not be able to file a revised tax return after the revision window closes on 31 December 2025. If someone missed their deadline, then the taxpayer may have to pay heavy penalties and interest, but a condonation application can be filed after the deadline with the department.