The ITR-U Advantage: Correcting Mistakes and Avoiding Penalties
The Income Tax Department has enabled the filing of updated returns (ITR-U) for assessment years 2021-22 and 2022-23 using ITR-3 and ITR-4 forms. This update was announced on X (formerly Twitter). What is an Updated Return (ITR-U)? Introduced under Section 139(8A) of the Income Tax Act, 1961, an updated return allows you to correct any … Read more
