1. What is an “Updated Return” (ITR-U)? An Updated Return (or ITR-U) is a special type of income tax return that allows a taxpayer to correct or update previously filed ITRs (original, belated, or revised) for past years, including adding omitted income, correcting errors, etc. It is provided under section 139(8A) of the Income-tax Act.… Continue reading Updated Return (ITR-U) Rules: A Comprehensive FAQs for Indian Taxpayers
