By Sheetal Kumari | March 3, 2025
Moneycontrol PF Team| Aug 22, 2025
(Image: Canva)
(Image: Canva)
(Image: Canva)
A special updated return introduced under Section 139(8A) to correct past ITR mistakes.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
It allows taxpayers to declare omitted income, rectify misreporting, and avoid penalties.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
Unlike July 31 for regular ITR, ITR-U can be filed till March 31 of later years.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
Anyone who missed the due date, belated return, or made mistakes in earlier filings.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
Not valid for nil returns, loss returns, refund claims, or lowering tax liability.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
You cannot file if searched under Sec 132, books/assets seized, or cases under reassessment.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
ITR-U can be filed within 48 months from the end of the relevant assessment year.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
For AY 2024-25, the last date to file ITR-U is March 31, 2029.
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
Filing ITR-U comes with extra tax: 25% (within 12 months), 50% (within 24 months), 70% (within 36–48 months).
(Image: Canva)
(Image: Canva)
(Image: Canva)
(Image: Canva)
ITR-U helps taxpayers fix errors, but it’s for paying due taxes—not for refunds.
(Image: Canva)