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Income Tax · ITR filing · Refund

Revised returns and how a TDS refund works

Quick answer

Yes — you can revise your ITR any number of times before 31 December of the assessment year (Section 139(5)). And filing your return is exactly how excess TDS is refunded — but only where the TDS deducted is more than your actual tax.

Can I file a revised return?

Yes. Under Section 139(5) you can revise an already-filed return to correct any mistake or omission — any number of times — up to 31 December of the assessment year (or before the assessment is completed, whichever is earlier). The revised return replaces the original.

Missed even that window? An updated return (ITR-U) is allowed later (with additional tax), but only to increase income, not to claim a new refund.

Does filing against Form 16 refund the TDS?

Filing your ITR is how a refund is triggered — but you get money back only if the TDS deducted exceeds your actual tax. Two cases:

  • TDS > your tax → the difference is refunded to your bank account after the return is processed.
  • TDS = your tax → nothing to refund; you've simply paid the right amount.
  • TDS < your tax → you pay the balance as self-assessment tax.

To get the refund smoothly

  • Ensure the TDS shows in your Form 26AS / AIS.
  • Pre-validate your bank account and e-verify the return — refunds only issue after e-verification.
  • Refunds usually arrive within a few weeks of processing, with interest under Section 244A where applicable.
General information based on the Income-tax Act as it stands, not advice on your specific case. Tax outcomes depend on your exact facts and residential status. © EaseValue Advisors LLP.
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