Learn filing of Updated Return (ITR -U)

This Course is open to taxpayers those want to file Form ITR-U: Updated Return U/s 139(8A) Income Tax Act, 1961

ITR-U is a form that allows taxpayers to correct errors or omissions on their ITRs up to two years from the end of the relevant assessment year to update their return. The ITR-U form is a rescue for those who have not filed their ITR or made inaccurate and false entries while filing their income tax returns. Section 139(8A) under the Income Tax Act allows you a chance to update your ITR within two years i.e. 24 months from the end of the relevant assessment year.

Prescribed Date to file Form ITR-U

An updated return can be filed at any time within 24 months from the end of the relevant assessment year. For instance, for AY 2023-24, you missed the revised/ belated return filing window, you can file an ITR-U after the end of the assessment year, i.e. 31 March 2024 but within two years from there, i.e. 31 March 2026.

Who is eligible to file Form ITR-U

Any person who forget to file return and has made an error or omitted certain income details in any of the following returns is eligible to file an updated return:

• Original return of income, or

• Belated return, or

• Revised return