
Missed filing ITR for FY22-23. ITR-U is the Form used for updating your income tax return. The government introduced the concept of updated returns in the Union Budget 2022.

effective from 1 April 2022, permitting all taxpayers to file an “updated return” within 36 months from the end of the relevant tax year

Have you ever forgotten to report an income or made a mistake in your ITR? Section 139(8A) under the Income Tax Act allows you a chance to update your ITR within two years. Two years will be calculated from the end of the year in which the original return was filed. ITR-U was introduced to…