Quick Summary
The Central Board of Direct Taxes (CBDT) has notified the Income-tax (Ninth Amendment) Rules, 2026, introducing an updated structure for filing ITR-U (Updated Return). The notification, issued on March 30, 2026, amends the Income-tax Rules, 1962, and inserts a revised Form ITR-U, enabling taxpayers
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FAQ :
The new ITR-U form, notified by the CBDT, is an updated structure for taxpayers to correct or update previously filed income tax returns, or to file a return if they missed doing so earlier.
Taxpayers can now file an updated return using the ITR-U form within 48 months (4 years) from the end of the relevant assessment year.
Reasons include incorrectly reported income, not filing a return earlier, incorrect heads of income selected, reduction in carried forward losses, errors in tax rate or tax credit claims, or filing in response to a notice under Section 148.
Yes, an additional tax liability is mandated on updated income, which increases depending on the delay. This ranges from 25% to 70% of the additional tax in general cases, and up to 80% in cases involving notices under Section 148.
Taxpayers must provide granular income details, including salary income, house property income, business or professional income, capital gains, and income from other sources.
Taxpayers eligible under Section 139(8A) can file updated returns, provided they have no ongoing prosecution, comply with specified timelines, and have not filed to claim additional refunds.
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