Belated, Revised or Updated Return — Decision Worksheet (Word)

Choose between a belated, revised and updated return for AY 2026-27, test the ITR-U blocks, and record the cost and approval on file.

Free · CORAA original — SA-aligned

Updated 16 Oct 2026

Belated

By 31 Dec 2026

Revised

By 31 Mar 2027

Updated

48 months, 25-70% extra

Format

Editable Word

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Your firm — letterhead

Appears at the top of the document as the audit firm letterhead.

Audit firm name

Audit firm address

Used as the letterhead block.

Engagement partner

ICAI membership no.

Firm registration no.(optional)

Engagement details

The client and period this document is for.

Client name

PAN

Assessment year

Prepared by

Reviewed by

Date

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Belated, Revised or Updated Return — Decision Worksheet

Belated, Revised or Updated Return — Decision Worksheet — {{client_name}}

PAN: {{pan}} | Assessment year: AY 2026-27 | Prepared by: {{prepared_by}} | Date: 19 October 2026

Use this worksheet to choose the correct route and record the reason on file. Dates below are for AY 2026-27 under the Income-tax Act, 1961; check them again for any other year.

1. Which route is open

Question	Answer	Route if Yes
Was a return filed for the year?		No: belated return (section 139(4)), by 31 December 2026
Filed, but an omission or wrong statement found?		Revised return (section 139(5)), until 31 March 2027
Revising after 31 December 2026?		Section 234-I fee: ₹1,000 if total income is up to ₹5 lakh, otherwise ₹5,000; confirm the cut-off on the portal
Belated and revised windows both closed?		Updated return (section 139(8A)), within 48 months of the end of the assessment year

2. Updated return: can it be filed at all

Block	Applies?	Evidence
Return of loss, or one that reduces tax or increases a refund
An updated return was already filed for this year
Search, survey or seizure covering this year
Assessment or reassessment pending or completed for this year
Prosecution proceedings started for this year

3. Cost

Item	Amount	Basis
Late fee (section 234F) for a belated return		Fee table on the portal
Interest for late filing or late payment		Sections 234A / 234B / 234C
Section 234-I fee for a late revised return
Updated return: additional tax at 25% / 50% / 60% / 70% by months elapsed		Section 140B; tax includes surcharge and cess; less interest already paid

4. Before filing

Reconcile income and TDS to Form 26AS and AIS.
Tell the client in writing the extra tax, fee and interest before the return is filed.
For an updated return, keep proof of payment of the additional tax to go with the return.
Record why this route was chosen and who approved it.

Prepared by: {{prepared_by}} | Reviewed by: {{reviewed_by}} | Date: 19 October 2026

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What’s inside

An excerpt from the template.

Belated, Revised or Updated Return — Decision Worksheet — ___

PAN: ___ | Assessment year: ___ | Prepared by: ___ | Date: ___

Use this worksheet to choose the correct route and record the reason on file. Dates below are for AY 2026-27 under the Income-tax Act, 1961; check them again for any other year.

1. Which route is open

↑ Excerpt only — the full template is what you download as Word

About this template

What you’re downloading, and when to use it.

This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.

Everything is generated in your browser and on a stateless API endpoint — no account, nothing stored on our servers. We’ll ask for a work email once before your first download so we can send you the file and the occasional relevant update; after that, downloads on this device are instant. Edit freely in Word, Google Docs or Pages before sending to your client.

Common questions

FAQs.

Which route should be used first?

Use the cheapest route that is still open: a belated return if none was filed, a revised return if one was filed and is wrong, and an updated return only for what those cannot do.

Can an updated return claim a refund?

No. An updated return cannot reduce tax or increase a refund, and it cannot be filed once certain proceedings have started for the year.

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