Steps to File ITR-U (Income Tax Updated Return) Form

Steps to File ITR-U (Income Tax Updated Return) Form

Part A: General Information-139(8A)

• PAN
• Aadhaar Number
• Assessment Year
• Whether return previously filed for this assessment year? (Yes/No)
• If yes, Whether filed u/s 139(1) Others
• If applicable, enter form filed, Acknowledgement no. or Receipt No. and Date of filing the original return (DD/MM/YYYY)
• Are you eligible for filing an updated return as per the conditions laid out in the first, second and third provisos to section 139(8A)? (Yes/No)
• Please choose the ITR form for updating your income (ITRs 1-7 to be selected from the drop-down and filled as per the details made available by the e-filing utility – see instruction)
• Are you filing the updated return during the period up to 12 months from the end of the relevant assessment year between 12 to 24 months from the end of the relevant assessment year
• (A12) (a) Are you filing the updated return to reduce carried forward loss or unabsorbed depreciation or tax credit? Yes/No
• (A12) (b) If yes, please specify the assessment years were carried forward loss or unabsorbed depreciation or tax credit is being affected because of this updated return

Part B: ATI Computation Of Total Updated Income And Tax Payable

• 1 (A) Head of income under which additional income is being returned as per Updated Return
• 1 (B) Total income as per last valid return (only in cases where the Income Tax Return has previously been filed)
• Total income as per Part B-TI
• The amount payable, if any (To be taken from the ―Amount payable of Part B-TT of the updated ITR)
• Amount refundable, if any (To be taken from ―Refund‖ of Part B-TTI of the updated ITR
• The amount payable on the basis of last valid return (only in applicable cases)
• 6. (i) Refund claimed as per last valid return if any (Please see instruction)
• 6. (ii) Total Refund issued as per last valid return, if any (including interest u/s 244A received
• Fee for default in furnishing return of income u/s 234F
• Regular Assessment Tax, if any
• Aggregate liability on additional income
• Additional income-tax liability on updated income [25% or 50% of (9-7)]
• Net amount payable (9+10)
• Tax paid u/s 140B
• Tax due (11-12)

Tax Payments (Only as per Updated Return)

• Details of payments of tax on updated return u/s 140B
• Details of payments of Advance Tax / Self-Assessment Tax / Regular Assessment Tax, credit for which has not been claimed in the earlier return (credit for the same is not to be allowed again under section 140B(2) )
  • Note: Credit for the above is not to be allowed again under section 140B(2)
• . Relief u/s 89 which is not claimed in earlier return [relief for the same is not to be allowed under section 140B(2)]

Verification

I, son/ daughter solemnly declare that to the best of my knowledge and belief, the information is given in the return is correct and complete and is in accordance with the provisions of the income-tax Act, 1961. I further declare that I am making this return in my capacity as _(drop-down tobe provided in e-filing utility) and I am also competent to make this return and verify it. I am holding a permanent account number. (Please see instruction).

Date: Signature: