Answer

1. F

   Facts

   Choose Sec 139(5) for a revised return. For AY 2026-27 it can be filed up to 31 March 2027, with a fee if filed after 31 December 2026.

2. P

   Provisions and law

   • Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025)Revised return within the allowed time.
   • Sec 234I, Income-tax Act 1961Fee for revised returns after the set period.
3. A

   Analysis

   Give the original acknowledgement number and date. The revised return replaces the original. You can revise more than once within time. Revise early to avoid the fee.

4. C

   Conclusion

   1. 1Note the original acknowledgement.
   2. 2Choose 139(5).
   3. 3Correct the figures.
   4. 4File and verify.

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