The Updated Return (ITR-U) was introduced in the Union Budget 2022 under Section 139(8A) of the Income Tax Act, 1961. This provision allows taxpayers to correct errors, declare undisclosed income, and file returns if missed earlier, even after the belated and revised return deadlines. 1. However, ITR-U cannot be used to claim refunds or reduce tax liability. 2. Taxpayers must pay an additional tax of 25% or 50% based on timing. This guide explains eligibility, filing process, penalties, legal aspects, examples, and FAQs to help you understand the Updated Return mechanism. An Updated Return (ITR-U) allows taxpayers to rectify mistakes or report additional income in their previously filed returns. It can also be used by taxpayers who missed filing their ITR altogether. Example: A taxpayer forgot to report ₹2,00,000 additional income in AY 2023-24. The additional tax payable on this income is ₹30,000. 1. If filed within 12 months, additional tax = ₹7,500 (25%). 2. If filed between 12 to 24 months, additional tax = ₹15,000 (50%). 6. How to File an Updated Return (ITR-U)? Yes, you can file ITR-U even if you missed the original due date. No, ITR-U cannot be used to claim refunds or reduce tax liability. Yes, an additional tax of 25% or 50% of the unpaid tax is applicable. No, only one Updated Return can be filed for a particular AY. The ITR-U will not be processed unless the additional tax is paid. Yes, unless the notice involves search, survey, or prosecution proceedings. You can track your return status on the Income Tax e-Filing Portal under the "View Returns/Forms" section. Not necessarily, but if discrepancies exist, the IT Department may conduct further investigation. No, ITR-U is only for income-related corrections, not for personal details. If undisclosed income is later detected by the department, you may face: The Updated Return (ITR-U) under Section 139(8A) is a great opportunity for taxpayers to rectify their mistakes and avoid penalties. However, it comes with a cost (additional tax and interest). Tip: Always file your ITR correctly and on time to avoid unnecessary penalties!1. Introduction
2. What is an Updated Return (ITR-U)?
Key Features of ITR-U
3. Who Can File an Updated Return?
Eligible Taxpayers
Cases Where ITR-U Cannot Be Filed
Step-by-Step Process
Step 1: Log in to the Income Tax Portal
Step 2: Select 'File Income Tax Return'
Step 3: Select ITR Form & ITR-U
Step 4: Provide a Reason for Updating the Return
Step 5: Compute Tax and Pay Additional Tax
Step 6: Validate & Submit
7. Frequently Asked Questions (FAQs) on Updated Return (ITR-U)
Q1: Can I file an Updated Return if I missed filing my original return?
Q2: Can I use ITR-U to claim a refund?
Q3: Is there any penalty for filing an Updated Return?
Q4: Can I file multiple Updated Returns for the same assessment year?
Q5: What happens if I don't pay the additional tax while filing ITR-U?
Q6: Can I file an Updated Return if I have received a tax notice?
Q7: How do I check the status of my Updated Return?
Q8: Will ITR-U be subject to scrutiny by the IT Department?
Q9: Can I file ITR-U to correct my bank account details?
Q10: What is the penalty if I fail to file ITR-U despite underreporting income?
8. Key Takeaways
9. Conclusion
Updated Return (ITR-U) u/s 139(8A) - A Comprehensive Guide (2025)
Table of Contents
1. Introduction
2. What is an Updated Return (ITR-U)?
Key Features of ITR-U
3. Who Can File an Updated Return?
Eligible Taxpayers
Cases Where ITR-U Cannot Be Filed
Step-by-Step Process
Step 1: Log in to the Income Tax Portal
Step 2: Select 'File Income Tax Return'
Step 3: Select ITR Form & ITR-U
Step 4: Provide a Reason for Updating the Return
Step 5: Compute Tax and Pay Additional Tax
Step 6: Validate & Submit
7. Frequently Asked Questions (FAQs) on Updated Return (ITR-U)
Q1: Can I file an Updated Return if I missed filing my original return?
Q2: Can I use ITR-U to claim a refund?
Q3: Is there any penalty for filing an Updated Return?
Q4: Can I file multiple Updated Returns for the same assessment year?
Q5: What happens if I don't pay the additional tax while filing ITR-U?
Q6: Can I file an Updated Return if I have received a tax notice?
Q7: How do I check the status of my Updated Return?
Q8: Will ITR-U be subject to scrutiny by the IT Department?
Q9: Can I file ITR-U to correct my bank account details?
Q10: What is the penalty if I fail to file ITR-U despite underreporting income?
8. Key Takeaways
9. Conclusion
References
References
Top Articles
Deal or No Deal (Iran, Not Tariffs)
Are the White Sox getting Bullish with City Connect uniforms?
Kevin O’Leary candidly shares the investment loss that reshaped his strategy and the way he manages his millions
Latest Posts
Aussie couple’s ‘cowboy’ idea makes millions
Beloved store closing its doors with huge sale in latest blow to the high street
Recommended Articles
- Bicol police to motorists on Lenten exodus: Be patient
- Tesla in freefall and rows with Trump’s tariff adviser - inside Elon Musk’s meltdown
- Nigeria: Magistrate's Absence Stalls Amac Chairperson's Arraignment for Certificate Forgery
- Louisiana mom learns her fate after daughter, 3, was killed by boys
- 'What an introduction': Dodd ready to debut in Good Friday furnace
- ‘Bosch: Legacy’ Season 3 (and Series) Finale: Ballard on board
- Where to watch Boston College women’s lacrosse vs. Virginia free live stream
- The New Far-Right Coalition That’s Out to Destroy American Democracy
- David Pocock says major parties lack the ‘courage’ to tackle housing crisis – as it happened
- These Mayors Say Climate Is a Kitchen-Table Issue
- Vikki Moursellas shares delicious Greek Easter treats to make with the whole family this holiday season
- Ukraine prolongs martial law amid Russian air attacks, heavy ground battles
- UN watchdog chief says Iran 'not far' from nuclear bomb - World News
- GenAI turning employees into unintentional insider threats - Help Net Security
- ‘I don’t even have that much in there’: Woman buys 1 drink from bar. Then she checks her bank account
- Consumer goods expo highlights China's growing allure for global brands - Alvinology
- Trump promised to bring prices down. Now he and his tariffs 'couldn't care less.' | Opinion
- Backstreet Boys' Nick Carter responds to woman suing for alleged rape
- 'My three-ingredient cholesterol-busting muffins use leftover bananas'
- Y'all Need To Stop! Black Folks Are Criticizing 'Sinners' Director Ryan Coogler for The Dumbest Thing
- Kanye West Makes Rare Comment on Taylor Swift
- Cauza morții actriței americane Michelle Trachtenberg, din „Buffy the Vampire Slayer”, a fost dezvăluită
- Meghan Markle's 'olive branch' to King Charles denied amid rumoured rift
- Illegal migrant is convicted of raping and murdering mother of five
- NASA's SpaceX 32nd Commercial Resupply Mission Overview
- 2025 Volkswagen Multivan review
- Money: Toblerone axes popular flavour - fans aren't happy
- Re-arm, reassure and spend big: how the Asia Pacific is responding to a new era under Trump
- Royal aide who accused Meghan Markle of ‘bullying’ staffers appointed to major role with Prince William
- I interviewed expats who've lived in Thailand for decades. Here’s what they love (and hate) about life there.
- HRA's first housing project nears completion with Gunflint Vue tenants moving in May 1 | WTIP
- Donald Trump's revealed trade strategy looks bad news for the UK | Institute for Government
- California governor urges Canadians to ignore Trump, come back for sand, sun and wine | CBC News
- Supreme Court ruling just the latest curb on trans rights worldwide
- AirAsia Philippines Prepares for a Busy Holy Week Travel Season by Launching the #AlwaysREADY Campaign, Ensuring Efficiency, Safety, and Convenience for Over One Lakhs Travelers - Travel And Tour World
- Judge wants range of issues addressed in $2.8 billion NCAA settlement before final approval
- Why young-onset dementia is often missed – and the signs to look for
- In the world's largest wholesale market, American customers have dried up as tariffs hit
- QUALCOMM (NASDAQ:QCOM) Trading 3% Higher - Here's What Happened
- Why the government wants you to think there’s no home defects crisis
- What happens when physical therapy insurance runs out before you can walk again?
- Drug mule with £6m worth of cocaine claimed he 'only had Sombreros'
- Port forward starts a ‘riot’ with ‘cheeky’ match-winning act
- Alt Rock Band THE YAGAS Feat. Actress VERA FARMIGA Releases Music Video For 'Life Of A Widow'
- Karen Guregian: The case for Adam Vinatieri to win Patriots Hall nod in stacked field
- Beloved reality show AXED after 11 series on air as ITVBe shuts down
- US-Iran negotiators hold ‘constructive’ nuclear talks, will meet again next week | CNN Politics
- Arsenal 3-0 Real Madrid: Champions League quarter-final – as it happened
- Best Internet Providers in Minneapolis, Minnesota
- Police have new lead in search for missing teens who disappeared a week ago
- A Minecraft Movie makes $550 million globally with no signs of slowing down, putting it inches behind dethroning Mario from his box office kingdom
- Cambodia seeks China’s financial support as Xi visits amid US tariffs war
- Ocrolus and Entech partner to power AI-driven income verification for lending
- Officials celebrate new affordable housing in the Hill District
- Curiosity Rover Discovers Major Mars Carbon Deposits
- Bitcoin (BTC) Price in Standstill at $85K as Trump Increases Pressure on Fed's Powell
- Togbe Afede XIV leads delegation to Zambia for strategic energy talks
- Increase in extreme weather events posing 'substantial risk' to blood supplies
- James Gandolfini’s son recalls ‘protective’ dad shielding him from ‘Sopranos’ set: It ‘drove me crazy’
- Weapons: Barbarian director's new horror film launches a viral marketing campaign
- Yakuza Fiancé Anime Gets English Dub
- Gloria, Pilita, Nora: 3 ka reyna nga nagsunod og pagkamatay karong 2025
- IoT and Virtual Hospital Market Detailed In New Research Report 2025 | Microsoft, IBM, Oracle, GE Healthcare, Siemens, Cerner
- Child Star Haley Joel Osment Arrested For Public Intoxication At Ski Resort
- Mickey Rourke leaves Celebrity Big Brother over 'unacceptable behaviour'
- Qualcomm Will Launch a New Snapdragon Chipset in China on April 2
- Reimagining the 'palaspas' through traditional puni
- Marathon running alters brain myelin for energy use
- Rude Stepmom Demands Grieving Teen to Babysit During Dad’s Funeral, Gets an Explosive Reaction
- Popular Easter treat could be LETHAL to dogs - and it's not chocolate
- Climate top priority for many Quebec municipalities’ federal election wish list - Montreal | Globalnews.ca
- What's behind the great sustainability stall?
- Albanese says ‘nothing’ will stop public appearances after being confronted by members of right-wing movement
- Syrians have more freedom after Assad, but could they lose it?
- Best way to get sun cream stains out of clothes as temperatures soar across UK
- Intel CEO Lip-Bu Tan flattens leadership structure, names new AI chief, memo says
- 10 Iconic Album Covers by Photographer and Director Norman Seeff | Muse by Clios
- Ex-FEAR FACTORY Singer BURTON C. BELL On Opening For OZZY OSBOURNE Nearly 30 Years Ago: His Fans 'Didn't Wanna See Us'
- Sister Wives' Kody Brown, Meri Brown's Relationship Timeline
- ‘Would Joe be alive?’ Family demands answers after scathing audit
- Liam Payne’s girlfriend Kate Cassidy recalls their ‘chilling’ final conversation before his fatal fall
- NHL Player Cards: Atlantic Division
- URIAH HEEP Guitarist MICK BOX Offers Reward After His Cross Necklace Is Snatched From His Neck By Cyclist In Brazil
- All active Blue Lock Rivals codes in April 2025 and how to redeem them
- Mississippi State Football Schedule Breakdown: Ranking Games From Easiest To Hardest
- Harvard University Announces It Won’t Surrender to Trump
- Republicans tear into Google after judge's huge ruling on ad monopoly
- A Darth Maul Spinoff Show Is Coming And More From Lucasfilm Animation's 20th Anniversary Panel At Star Wars Celebration Japan 2025 - Live Blog
- Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage
- Trading Day: Another lull, but fireworks are coming
- Best Internet Providers in Alaska
- 'The Righteous Gemstones' Is Ending: When to Watch Episode 6 of the Final Season
- Brownhill edges Burnley towards promotion with win at nine-man Watford
- Bordeaux-Begles v Munster live score updates from the Champions Cup clash
- Bentley: New High Performance Hybrid Continental GT, GTC and Flying Spur – the daily supercar family expands | Automotive World
- Trump says US may ‘pass’ on helping end war if Russia, Ukraine resist deal
- Yen Press Licenses Yankee & Carameliser, Magical Midlifer, Monster-Colored Island, More Manga/Novels
- Saudi defence minister visits Tehran before Iran-US talks
- 'My brave husband had a beautiful death in my arms - now cops are investigating'
- Hawthorn bleeding as AFL draft rejection comes back to bite
Article information
Author: Velia Krajcik
Last Updated:
Views: 6053
Rating: 4.3 / 5 (54 voted)
Reviews: 93% of readers found this page helpful
Author information
Name: Velia Krajcik
Birthday: 1996-07-27
Address: 520 Balistreri Mount, South Armand, OR 60528
Phone: +466880739437
Job: Future Retail Associate
Hobby: Polo, Scouting, Worldbuilding, Cosplaying, Photography, Rowing, Nordic skating
Introduction: My name is Velia Krajcik, I am a handsome, clean, lucky, gleaming, magnificent, proud, glorious person who loves writing and wants to share my knowledge and understanding with you.