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Promoting Voluntary Compliance through e-Verification Scheme-2021 Last date for filing of updated returns (ITR-U) for A.Y. 2021-22 (i.e. for F.Y. 2020-21) is 31.03.2024 The Income Tax Department receives information of specified financial transactions of taxpayers from various sources. To increase transparency and to promote voluntary tax compliance, this information is reflected in the Annual Information Statement (AIS) module and is available to the taxpayer for viewing. In some
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FAQ :
The last date for filing an updated Income Tax Return (ITR-U) for Assessment Year 2021-22 (Financial Year 2020-21) is 31st March 2024.
The department is urging taxpayers to file ITR-U to address mismatches identified between the information reported in filed Income Tax Returns and the specified financial transaction data available with the department, promoting voluntary compliance.
Taxpayers can view their financial transaction information, reflected in the Annual Information Statement (AIS), through the e-filing portal of the Income Tax Department.
Eligible non-filers can submit updated returns (ITR-U) under section 139(8A) of the Income-tax Act, 1961.
The Income Tax Department is communicating about mismatches and urging taxpayers to file updated ITRs through emails sent to their registered e-mail accounts.
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