ITR
Switching from ITR-4 to ITR-3 after filing
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Facts
Yes. You can file a revised return in the correct form within the time allowed. For AY 2026-27, a revised return can be filed up to 31 March 2027, with a fee from 1 January 2027.
Provisions and law
- Sec 139(5) (now Sec 263(5))Revised return
- Sec 139(9) (now Sec 263(7))Defective return notice if the wrong form is used
Analysis
If you hold unlisted shares or had short-term capital gains, ITR-4 was not the right form. File ITR-3 as revised, quoting the original acknowledgement. If you revise by 31 December 2026, there is no Sec 234-I fee. If a defective return notice comes first, respond to it within 15 days with the correct form.
Conclusion
- Identify why ITR-4 was not valid
- Prepare ITR-3 with all income
- File it as a revised return quoting the original
- E-verify within 30 days
A Savvy can do this for you
Presumptive income tax return, ITR-4 (Sugam), Sec 58 (old 44AD, 44ADA, 44AE)
₹1,999
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