Comparison of ITR-U (Section 139(8A)) and Condonation of Delay of ITR (Section 119(2)(b))

CA Varun Gupta | Last updated: 07 March 2025

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The Income Tax Act offers two ways to fix missed ITR deadlines: ITR-U (Section 139(8A)) allows updating returns with extra tax, while Condonation of Delay (Section 119(2)(b)) addresses genuine hardships without additional tax. Condonation is generally more beneficial as it permits loss carry-forwards and refund claims, unlike ITR-U. Choosing the right option depends on your specific situation, such as whether you have valid reasons for the delay or need to correct errors.

Introduction The Income Tax Act, 1961, provides different mechanisms for taxpayers to address missed deadlines for filing Income Tax Returns (ITR). Two key provisions in this regard are: ITR-U (Section 139(8A)) - Allows taxpayers to update their returns by paying additional tax. Condonation of

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CA Varun Gupta

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