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Jul 17, 2024 · What is ITR-U and How to file ITR-U? The income tax department notifies Form ITR U for filing the ‘Updated’ income tax return. This allows the taxpayers to update their ITRs within two years of filing, on payment of additional taxes, in case of errors or omissions.
Oct 20, 2022 · e-Filing of Income Tax Return or Forms and other value added services & Intimation, Rectification, Refund and other Income Tax Processing Related Queries 1800 103 0025 (or) 1800 419 0025
Sep 23, 2024 · Learn about ITR-U (Updated Income Tax Return), a form designed to rectify errors or omissions in your previous ITR. Discover how to file your updated return easily and efficiently.
Mar 30, 2024 · Introduction: Section 139 (8A) of the Income Tax Act provides taxpayers with the option to file an updated return of income within a specified timeframe. This provision allows individuals to rectify errors or update information pertaining to their income tax returns for a particular assessment year.
Jan 4, 2024 · Missed the ITR deadline for AY 2023-24? Learn how to file through ITR-U, the Updated Income Tax Return form. Steps, eligibility, and consequences explained by an expert practitioner.
Jun 28, 2022 · Any person Eligible to File updated returns for FY 2019-20 and subsequent assessment years as per the relevant provisions of the IT Act can file the updated return via Form ITR-U. A taxpayer would be able to file only one updated return for each assessment year.
Feb 2, 2023 · What is Section 139 (8A) of the Income Tax Act? – Updated Return. Form ITR-U Updated Return. What is the Due Date for filing an Updated Return i.e. ITR-U? Penalty on Filing ITR U – Pay Additional Tax under Section 140B of the Income Tax Act. Case 1: Not filed ITR earlier. Case 2: Has filed ITR earlier.
May 21, 2024 · Step 1: First of all, Visit https://eportal.incometax.gov.in/iec/foservices/#/login. Step 2: After logging in, the following screen will appear. Click on the E-file option and proceed accordingly. Step 3: Select the Assessment year from the list. Let us assume we are filing ITR U for FY 20-21 i.e., AY 21-22.
Mar 27, 2024 · ITR-U is the new form and taxpayers can use it to file updated income tax returns for the financial year 2019-20 and 2020-21. ITR-U form can be filed within two years from the end of the appropriate assessment year.
ITR U: What Is ITR-U Form and How To File Updated Return? Updated: Oct 29. ITR-U, or Income Tax Return - Updated, was introduced in the Union Budget 2022. This new provision under Section 139 (8A) of the Income Tax Act allows taxpayers to rectify past filing errors or file a missed return.
