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ITR U - Meaning
what is mean by ITR U ? How it is to be used in filing returns ?
Replies (5)
It's the form. to file updated income tax return for the previous two assessment years
If you have missed ITR for past years or if you want update the already filed return then you may use 139(8A)
It's updated return, if you want to declare income for last 2 years either for first time or by way of increase in income you can file ITR-U
But take note of penalty amounts
@ Divya ,
At present belated ITR deadline is reduced. So if you want to file return after the end of the assessment year or after the deadline of belated returns then you can use update return..
At present belated ITR deadline is reduced. So if you want to file return after the end of the assessment year or after the deadline of belated returns then you can use update return..
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