ITR
Revising to report income flagged in AIS
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Facts
If the AY 2026-27 revision window is open, revising under Sec 139(5) (now Sec 263(5)) is cheaper than ITR-U because there is no additional tax, only interest and, after 31 December, the Sec 234-I fee.
Provisions and law
- Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025)Revised return can be filed if an omission or wrong statement is found, by 31 March of the assessment year (Finance Act 2026) or before assessment
- Sec 139(8A), Income-tax Act 1961 (now Sec 263(6), Income-tax Act 2025)Updated return (ITR-U) within 48 months with additional tax
- Sec 234-I, Income-tax Act 1961Fee of ₹1,000 or ₹5,000 for a revised return filed after nine months from the end of the year (inserted by Finance Act 2026; 2025 Act number to be confirmed)
Analysis
Example: AIS shows ₹75,000 of dividends you left out. Revise in November 2026 and pay tax with interest, with no fee. ITR-U for the same would add 25% of tax and interest. For older years whose revision window has closed, ITR-U is the route. Respond to the e-campaign on AIS once the revised return is filed.
Conclusion
- Check the AIS items flagged
- Confirm whether the revision window is open
- Revise and pay tax and interest
- Respond to the AIS e-campaign with the revised return details
A Savvy can do this for you
Belated and revised return, Sec 263(4) and 263(5) (old 139(4) and 139(5))
₹1,499
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