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ITR Filing 2024: Belated vs Revised vs Updated ITR


Last Updated on January 6, 2024 by Kanakkupillai

Filing income tax returns (ITR) is a critical responsibility for taxpayers, ensuring compliance with tax regulations and avoiding penalties. However, situations arise where individuals miss the original deadline or realize errors after filing. In such cases, options like belated, revised, and updated returns come into play. In this article, we’ll delve into the concepts of each and understand their key differences.

Belated Returns

A belated return can be filed after the original deadline has passed. Section 139(4) of the Income-tax Act, 1961, allows taxpayers to file belated returns, though with a penalty. The penalty under Section 234F ranges from Rs 1,000 to Rs 5,000, depending on the taxpayer’s total income.

Revised Returns

Taxpayers can file a revised return when they realize errors or omissions in their original filing. Section 139(5) permits revised returns without any penalty. However, revision is disallowed if the assessing officer detects intentional or fraudulent errors, and penalties may apply.

Updated Returns

Introduced under the Finance Act 2022, an updated return provides a longer duration for taxpayers to file their return of income. As per Section 139(8A), taxpayers can file an updated return within 24 months from the end of the relevant assessment year, subject to certain conditions. Unlike belated and revised returns, no penalties are levied on filing an updated return.

Penalties and Charges

While belated and revised returns attract penalties, taxpayers filing an updated return do not face any monetary penalties. However, they may be required to pay additional tax per Section 140B of the Income Tax Act.

Filing Procedures

Belated returns can be filed through the Income-tax department’s e-filing portal,, or via authorized private entities. Revised returns can also be filed online portal before the assessment process concludes. For updated returns, taxpayers must use the relevant ITR forms notified for the respective assessment year and file them along with Form ITR-U.


Understanding the distinctions between belated, revised, and updated returns is crucial for taxpayers to fulfil their obligations efficiently. While belated returns offer a second chance with penalties, revised returns facilitate corrections without penalties (unless fraudulent intent is involved). The introduction of updated returns provides a longer window for filing, promoting better compliance. To ensure a hassle-free tax filing experience, contact Kanakkupillai tax experts.


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