The revised Form ITR-U enables taxpayers to update their income tax returns within 48 months from the end of the corresponding assessment year
The Central Board of Direct Taxes ( CBDT ) has issued a new format for Form ITR-U (Updated Return), allowing taxpayers to submit updated income tax returns under Section 139(8A) of the Income Tax Act, 1961. The notice, released vide Notification No. 49/2025 dated 19th May 2025, was released in the Official Gazette and is…
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