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May 21, 2025
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ITR-U form notified to allow taxpayers correct errors in previously filed returns; check key changes, penalty and more
The Central Board of Direct Taxes (CBDT) has notified a new ITR-U (updated income tax return) form to facilitate taxpayers in rectifying errors and omissions in previously filed ITRs. Before this, the Income Tax Department notified as many as 7 ITR forms for the Assessment Year 2025-26.
In Budget 2025, the government amended the filing rules for ITR-U. The new filing rules have been effective from April 1, 2025. The concept of ITR-U form was, however, brought in the Budget 2022.
What is ITR-U form?
ITR-U form has been introduced under Section 139(8A) to correct errors or omissions in their previously filed ITR. This ITR form can also be used in case of a missed income tax return where the assessee fails to file it within the due date and the belated/revised return deadline.
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