ITR-U (Updated Income Tax Return) Filing

Description

🧾 ITR-U (Updated Income Tax Return) Filing

ITR-U stands for Updated Income Tax Return, introduced under Section 139(8A) of the Income Tax Act, 1961.
It allows taxpayers to voluntarily update their previously missed, incorrect, or underreported income for a particular financial year, even after the due date or belated/revised return deadlines have passed.

🕒 Who Can File ITR-U?

You can file ITR-U if:
– You missed filing ITR within the due date
– You filed ITR, but forgot to report some income
– You want to correct any underreported income
– You want to avoid scrutiny or penalty by voluntarily disclosing income

✅ ITR-U can be filed within 24 months (2 years) from the end of the relevant Assessment Year.

❌ When ITR-U Cannot Be Filed:

– If a refund is to be claimed
– If it results in reducing your tax liability
– If it increases the refund amount
– If assessment/reassessment is already done
– For declaring loss (e.g., capital loss)

📄 Documents Required for Filing ITR-U:

1. Personal Details:

✅ PAN Card
✅ Aadhaar Card
✅ Bank Account Details

2. Previous ITR Details (if any):

✅ Copy of previously filed ITR (if applicable)
✅ Acknowledgement number and filing date

3. Updated Income Details:

✅ Proof of additional income (salary, business, capital gains, rent, etc.)
✅ Bank statements
✅ Investment/FD interest certificates

4. Tax Payment Details:

✅ Self-Assessment Tax challan paid under Section 140B (mandatory before filing ITR-U)

💡 Why File ITR-U?

– Avoid legal notices or scrutiny
– Rectify mistakes voluntarily
– Ensure tax compliance
– Maintain clean financial records

📩 Next Step:

Instructions:
To file your ITR-U, ensure that all required documents and payment proof under Section 140B are available. After placing your order, please send the scanned or clear photos of the above documents via WhatsApp to 8127089619 for verification and processing.

💬 Note:

The amount of ₹1200 mentioned here is our professional service fee for preparing and filing your ITR-U.
This fee does not include any government challan, tax amount, or late fee payable under Section 140B.

Government dues (if any) must be paid separately as per your updated income and liability.