ITRU Revised return

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This query is : Resolved

Quick Summary

If you've filed your Income Tax Return (ITR-4) for AY 2023-24 and paid a late fee, you might be wondering if you can revise it. Unfortunately, there's no provision to revise an ITR-U (updated return). You can only file an ITR-U once per financial year. Furthermore, filing an ITR-U with a ₹1000 fine without paying any outstanding taxes will be considered invalid; you'll need to refile it with the correct tax payments.

md shakil

md shakil (Querist)

02 April 2024 I filed income tax return ITR-4 for the AY 2023-24 on 26.03.2024 by paying Rs 1000 as late fee but want to revise the return now. Is it possible to revise.
Plz advise

Nikhil Kaushik

Nikhil Kaushik (Expert)

02 April 2024 there is no provision to revise the ITR-U.

CA Roomi Gupta

CA Roomi Gupta (Expert)

02 April 2024 ITR U can be filed only once for a Financial Year. So you can not revise/update filed ITR U.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 April 2024 You can't file ITR U with fine of 1000 without paying any taxes. It will be considered as invalid return.
You can file it again with taxes.

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