Find
Yes. A belated return under Sec 139(4) (now Sec 263(4)) can be revised under Sec 139(5) (now Sec 263(5)), within the same time limit, which is 31 March 2027 for AY 2026-27.
ITR
Revising a belated return
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Provisions
Sec 139(5), Income-tax Act 1961 (now Sec 263(5), Income-tax Act 2025); Sec 139(4), Income-tax Act 1961 (now Sec 263(4), Income-tax Act 2025); Sec 234-I, Income-tax Act 1961
Analysis
Example: you filed a belated return on 25 November 2026 and later found a missed capital gain of ₹1.2 lakh. Revise before 31 December 2026 to avoid the Sec 234-I fee, include the gain and pay the extra tax. The late fee paid with the belated return is not charged again.
Close
- Keep the belated return acknowledgement
- Prepare the full corrected return
- Pay extra tax and interest
- File with section 139(5)
- E-verify
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