INCOME TAX UPDATED RETURN (ITR- U)

Who is eligible to file ITR - U?

The new Form ITR-U will be available to taxpayers for filing updated income tax returns for 2019-20 and 2020-21 fiscals.

For which year ITR - U can be file?

The timeline to filing of ITR-U is within 24 months (Two Years) from the relevant assessment year.

How ITR - U is being filled?

The Income Tax Department has enabled the option on the income tax portal u/s 139(8A) also in Excel utility for ITR 1 to 4.