Find
From 1 March 2026, an updated return may be filed in response to a Sec 148 notice within the time allowed in the notice, with a further 10% additional tax. Income covered this way is protected from the under-reporting penalty.
ITR
Updated return after a reassessment notice
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Provisions
Sec 139(8A), Income-tax Act 1961 (now Sec 263(6), Income-tax Act 2025); Sec 140B(3A), Income-tax Act 1961 (now Sec 267, Income-tax Act 2025); Sec 270A(11A), Income-tax Act 1961 (now Sec 439, Income-tax Act 2025)
Analysis
This route can be cheaper than fighting a reassessment, especially when the income is genuinely missed. The rates become 35%, 60%, 70% or 80% depending on the band. Enter the notice DIN and date in ITR-U Part A. Get advice, because the choice affects your defence in the reassessment.
Close
- Note the Sec 148 notice date and DIN.
- Compute tax with the extra 10%.
- Pay and file ITR-U within the notice period.
- Inform the officer in your reply.
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