Learn A to Z of ITR - U (A.Y 2023-24) and file defect free Income Tax Return. An updated return can be filed at any time within 24 months from the end of the relevant assessment year.
This webinar 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:
FCA, B.COM, More than 10 years of Experience in Direct Tax