The Income Tax Department has enabled the filing of ITR-U on the income tax portal.
Income Tax E-filing Portal, on Tuesday has posted an update that “E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-22 using Excel utility for ITR 1 and 4. Refer details in News section. Please click Downloads | Income Tax Department to access and download the same for clicking respective AY folder. Once Updated ITR is prepared, you can upload the XML/JSON by logging into Income-tax website.”
Form ITR-U is notified for persons to update income within twenty-four months from the end of the relevant assessment year under section 139(8A) and Rule 12AC. Page 1 / 4. Taxpayers filing ITR-U will have to give reasons for updating the income: Return previously not filed. Income not reported correctly.
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