Learn filing of Updated Return (ITR -U)
Learn all about Updated Return (ITR-U). eligibility criteria to file an updated return.
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What You Will Learn!
- You Will Learn the Filing of ITR-U
- Learn Error free return filing
- Learn all about Updated Return
- Learn the eligibility criteria for filing the ITR-U.
Description
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
Who Should Attend!
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