ITR U under section 139(8A) for Trust for AY 22-23

Dear All,

Can we file ITR U under section 139(8A) for FY 22-23 in case of Trust which is not registered under section 12A if gross receipts are 1.25 crores and there is profit 1 lakhs.  

Thank You

 

Replies (6)
Quick Summary
This discussion clarifies whether an unregistered Trust, with gross receipts of ₹1.25 crores and a profit of ₹1 lakh, can file an updated Income Tax Return (ITR U) under Section 139(8A) for Assessment Year (AY) 2022-23. The consensus is that filing an updated return for AY 2022-23 is permissible, even if the trust is not registered under Section 12A, and can be done from 1st April 2023 onwards.

For FY 2022-23 i.e.  For AY 2023-24, return filing in normal circumstances will start from  1st April, 2023.

Sir,

It is AY 22-23, by mistake I wrote FY 22-23

 

Thanks

 

Yes, that you can (update ITR for AY 2022-23) on or after 01.04.2023 .... 

ITR U UNDER SEC 139(8A) FOR FY 22-23 IN CASE OF TRUST WHICH IS NOT REGISTERED .FILE RETURNS UNDER AY 23-24.

NEED T FILE ITR U FOR FY 2025-2026 FOR A TRUST 

 

On the FY 2025-26 query: the cheaper route is a belated return (ITR-7 for a trust) u/s 139(4) by 31 Dec 2026, which avoids the 25%/50% additional tax of an updated return; an ITR-U for that year can be filed only within 48 months from the end of the AY and cannot reduce tax or create a refund.

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