https://www.taxtmi.com/article/detailed?id=12194 ITR-U allows taxpayers who filed an original, revised or belated return for AY 2023-24 to submit an Updated Income Tax Return after the belated/revised filing deadline of 31 December 2023. Available from 1 January 2024, the mechanism permits correction of errors or omissions within two years from the end of the assessment year (until 31 March 2026), but cannot be used to claim refunds, reduce reported income, increase losses or otherwise lower tax liability; taxpayers must gather supporting documents, compute/pay any tax due, file the correct ITR utility and verify the return electronically or by ITR-V. en-us Sat, 06 Jan 2024 09:45:27 +0530 Wed, 11 Feb 2026 15:59:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12194 ITR-U allows taxpayers who filed an original, revised or belated return for AY 2023-24 to submit an Updated Income Tax Return after the belated/revised filing deadline of 31 December 2023. Available from 1 January 2024, the mechanism permits correction of errors or omissions within two years from the end of the assessment year (until 31 March 2026), but cannot be used to claim refunds, reduce reported income, increase losses or otherwise lower tax liability; taxpayers must gather supporting documents, compute/pay any tax due, file the correct ITR utility and verify the return electronically or by ITR-V. Articles Income Tax Sat, 06 Jan 2024 09:45:27 +0530 https://www.taxtmi.com/article/detailed?id=12194