Revised ITR rules: Income Tax Returns (ITRs) for millions of taxpayers have not yet been processed, and after December 31st, taxpayers cannot make any corrections on their own. So, will they not receive a tax refund? Let’s find out.
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Income Tax Return Revision Deadline: Only one day is left for the year 2025 to end. Yet, millions of taxpayers’ income tax returns (ITRs) remain unprocessed. People often assume that their ITRs haven’t been processed, meaning they have plenty of time to make corrections. However, after December 31st, taxpayers cannot voluntarily amend their income tax returns. If any errors are discovered in your ITR after this date, corrections can only be made under the Income Tax Department’s requirements.
70 Lakh Returns Still Not Processed
According to the latest data, approximately 85 million taxpayers have filed and verified their ITRs as of December 28, 2025. Of these, approximately 78 million returns have been processed, but more than 70 lakh returns are still pending at the Centralized Processing Center (CPC). Tax experts say that a significant number of these are those who have claimed tax refunds. Whenever the system detects a discrepancy between Form 16 and the filed return, processing is halted. So far this year, more than 2.1 million people have filed updated returns after receiving mismatch alerts, but millions are still waiting for the department to fix them themselves.
A notice will be issued if your claim is rejected.
In fact, most taxpayers are confused between processing and revision. According to the rules, whether your Income Tax Return (ITR) has been processed or not, you cannot voluntarily file a revised ITR after December 31st. If the Central Tax Pension System (CPC) rejects your claim after January 1st, you may receive a tax demand notice and may also have to pay substantial interest.
What happens if you make corrections by December 31st?
If you miss the December 31st deadline and want to correct your mistake after that date, your only option is to file an updated return (ITR-U). However, this could result in hefty interest charges. According to chartered accountants, you could have to pay 25% interest in the first year, 50% in the second year, 60% in the third year, and up to 70% in the fourth year.
Will you not receive your ITR refund after December 31st?
If your income tax return hasn’t been processed after December 31st, it doesn’t mean your refund will be lost. If there are no errors in your ITR and the processing delay is due to the department, you will receive the refund plus interest. However, if you have received an alert, you should check it today and file an updated return.
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