Revised / Updated ITR Return (ITR-U)
File revised or updated income tax return to correct errors or omissions. ITR-U allows correction within
24 months of assessment year end with additional tax payment.
Overview
Revised Return under Section 139(5) can be filed before assessment if error is discovered. Updated Return (ITR-U) under Section 139(8A) allows filing within 24 months of AY end (with 25-50% additional tax). ITR-U is useful for reporting omitted income, correcting major errors, or voluntary compliance before notice.
Key Features
Key Features
