Chennai · Expert Advocates
Revised Return & Updated Return (ITR-U) Filing in Chennai
Missed income, wrong deduction or omitted ITR? File a revised return under 139(5) or updated return (ITR-U) under 139(8A).
Why Velan Law
- Filed within 7 days
- Avoid future scrutiny & penalty
- Additional tax computed correctly
Made a mistake in your ITR or missed filing altogether? You can still set things right. Velan Law Associates files revised returns under Section 139(5) (within the assessment year) and updated returns (ITR-U) under Section 139(8A) — available for up to 48 months after the end of the relevant assessment year (extended from 24 months effective 2025).
Key Benefits
- Voluntarily declare missed income — avoid 100%–300% penalty
- Available even after assessment year ends
- Disclose foreign assets, crypto and small business income
- Reduce risk of reassessment notices under Section 148
- Peace of mind and clean tax record
Documents Required
- Originally filed ITR (or non-filed status)
- PAN, Aadhaar and bank details
- Form 26AS, AIS / TIS
- Proof of additional income / corrected deductions
- Tax payment challan for additional tax
How We Work
Diagnosis
Identify whether 139(5) revised return or 139(8A) ITR-U applies.
Income Reconciliation
Compare AIS / TIS with original return and find the gap.
Tax Computation
Compute additional tax + 25% / 50% / 60% / 70% additional liability under 139(8A).
Challan Payment
Pay additional tax under self-assessment (challan 280).
ITR-U Filing
Filed online; acknowledgement shared for future record.
Frequently Asked Questions
What is the difference between revised return and ITR-U?
Revised return u/s 139(5) is filed within the assessment year and is free. ITR-U is filed after the assessment year ends and requires additional tax payment of 25% to 70% depending on delay.
How many years can ITR-U be filed for?
Up to 48 months from the end of the relevant assessment year, per Finance Act 2025 (earlier limit was 24 months).
Can I claim a refund through ITR-U?
No. ITR-U cannot be used to claim refund, reduce tax liability, or carry forward losses. Only for declaring additional income.
What is the additional tax under ITR-U?
25% (filed within 12 months), 50% (12–24 months), 60% (24–36 months) or 70% (36–48 months) of tax + interest payable.
Can ITR-U be filed if no original return was filed?
Yes — ITR-U can be used to file even when no original or belated return was submitted.
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