Business
Revised ITR Window Closed! Here’s What You Can Do Now To Claim Your Refund
New Delhi: Missed the December 31 deadline to file a revised or belated income tax return for FY 2024–25? Don’t panic just yet. While the window to revise your ITR has officially closed, it doesn’t mean your tax refund is gone for good. The rules simply take a different turn now and there’s still a way you may be able to claim what’s rightfully yours.
What happens after the December 31 deadline?
Up to December 31, taxpayers still had the option to file a belated return if they missed the original due date or submit a revised return to fix mistakes in an already filed ITR. However, once the calendar turned to January 1, both these options were shut for AY 2025–26. This means you can no longer file or revise your return now even if the Income Tax Department has not yet processed your earlier filing.
Is your tax refund still safe?
Yes, there’s some good news here. If you have already filed your ITR within the due date and are eligible for a refund, you can still receive it even after December 31. The Income Tax Department can process returns and release refunds later as well. That said, if there are mistakes in your return, the way to fix them now depends on what kind of error it is.
How can you claim your refund now? Here are the available options
Rectification request under Section 154 (most commonly used)
If your return has already been processed and you have received an intimation under Section 143(1), but the refund amount is incorrect or has been denied due to an error, you can file a rectification request. This option is useful when the issue is related to TDS or TCS mismatch, wrong tax or interest calculation, arithmetical or clerical mistakes, or incorrect carry-forward of losses. Rectification requests can be filed online through the income tax e-filing portal and remain available even after the December 31 deadline. For most taxpayers, this is the main route to claim or increase a refund in 2026.
Wait it out if your return is still under processing
If your ITR status shows “under processing”, there is no need to rush. The Centralised Processing Centre (CPC) has a fixed time limit to process returns and issue an intimation. If a refund is due and no discrepancies are found, it will be credited automatically along with applicable interest. In case the processing gets delayed beyond the allowed period, taxpayers can raise a grievance on the e-filing portal or through CPGRAMS.
Updated Return (ITR-U): Use with caution
From January 1 onwards, taxpayers can file an Updated Return (ITR-U), but this option has clear limitations. ITR-U can only be used to report additional income or correct under-reported income. It cannot be used to claim a new refund or increase an existing one. In fact, filing an ITR-U usually means paying extra tax along with interest, making it an unsuitable option for those hoping to get a refund.
Next steps to avoid missing your refund
Taxpayers should first check the status of their ITR on the income tax e-filing portal and keep an eye out for the intimation notice once it is issued. If you spot any mismatch or error affecting your refund, file a rectification request without delay. Also, make sure your bank account details are correctly entered and verified on the portal, as incomplete or unverified information can lead to unnecessary refund delays.
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Business
After 11 Years At Amazon, A Midnight Email Announced Indian Techie’s Layoff: ‘Suddenly Everything Was Gone’
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After 11 years at Amazon, the Indian-origin techie who lost his job shared that his teenage daughter helped him stay positive.
He is now learning AI and working on a side project. (representative image)
Losing a job after more than a decade at the same company is never easy. For this man, it came as a sudden shock. The Indian-origin tech professional, Hemant Virmani, who lives in Washington, had worked at Amazon for over 11 years before he was laid off in October 2025.
In an essay published by Business Insider, the 47-year-old opened up about how he dealt with the setback. He also shared how his teenage daughter’s resilience during her own difficult time changed the way he viewed his situation.
Layoff Email Changed Everything Overnight
Virmani said he found out about the layoff through a middle-of-the-night email. “Amazon was part of my daily life for 11.5 years, and suddenly it was gone,” he told Business Insider. He had been working as a senior software development manager.
He admitted there is “no right way or easy way” to conduct layoffs. While he had seen others lose their jobs in 2023, facing it himself felt very different. The next morning, he had a 30-minute meeting with his manager, who shared the news in what he called a “positive, human way.” A former manager also met him at a coffee shop to check on him.
Daughter’s Strength Gave Him A New Outlook
In the first few days, Virmani said he struggled to accept what had happened. But he began thinking about how his daughter had handled a difficult time in her own life the year before.
“She had an adverse situation happen to her last year that required recovery. How she reacted in that difficult time inspired me. Her mental model was: ‘Challenges don’t have to keep me from showing up for myself or for others.’ Her positive attitude was an inspiration for me to do the same,” Virmani recalled.
“I kind of learned from her that I had to take this layoff with positivity, keep my cool, and focus on what was next,” he added.
Soon after, he faced another personal loss when his father passed away. He travelled to India and spent about a month with family, thinking about his life and career.
Focusing On What Comes Next
Virmani now calls the break a “refreshing change.” He said he is less worried about the brand name of his next company and more focused on meaningful work. He has started learning more about artificial intelligence and is working on a hobby AI project.
He is applying for head-of-engineering roles and networking actively. He is also taking care of his health, going to the gym several times a week.
“My advice to anyone undergoing layoffs is to realise that layoffs are not about you. It’s about an environment that is driving layoffs. Secondly, now that this has happened, you can’t go back in the past and change it. Look forward to what you can do next. How you react is very important,” he said.
Delhi, India, India
February 17, 2026, 08:46 IST
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