ITR-U: The concept of ITR-U was introduced by the government a few years ago to allow taxpayers to voluntarily disclose previously unreported or underreported income. Unlike a revised return—which is ...
The Income Tax Department has enabled utilities for filing updated income tax returns (ITR-U) through ITR-1 and ITR-2 forms for assessment years (AY) 2021-22 and 2022-23, in accordance with Finance ...
The Income Tax Department of India has officially opened the window for filing Updated Income Tax Returns (ITR-U) for Assessment Years 2020–21 and 2022–23. This update is crucial for taxpayers who ...