Find
After the belated and revised return windows close, you can file only an updated return (ITR-U) under Sec 139(8A) (now Sec 263(6)), within 48 months, with additional tax. It cannot claim a refund or increase a loss.
ITR
Missed both the belated and revised return dates
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 139(8A), Income-tax Act 1961 (now Sec 263(6), Income-tax Act 2025); Sec 139(4), Income-tax Act 1961 (now Sec 263(4), Income-tax Act 2025); Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025)
Analysis
Additional tax is 25% of tax and interest if filed within 12 months of the end of the assessment year, rising to 50%, 60% and 70% later. Example: missed tax of ₹20,000 with ₹4,000 interest for AY 2026-27, filed by 31 March 2028, adds ₹6,000. A refund case cannot use ITR-U, so file a belated return before 31 December 2026 if a refund is due.
Close
- File the belated return before 31 December 2026 if possible
- If missed, check ITR-U eligibility
- Compute tax, interest and additional tax
- Pay and file ITR-U
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.