Who Can and Cannot File Updated ITR Under New ITR-U Rules?

Business

⚡Who Can and Cannot File Updated ITR Under New ITR-U Rules?

By Justina Eappan

Who Can and Cannot File Updated ITR Under New ITR-U Rules?

Following changes made in the Budget 2025, the Central Board of Direct Taxes (CBDT) has introduced the new Income Tax Updated Return form, known as ITR-U. The updated filing rules, effective from April 1, 2025, are aimed at encouraging voluntary tax compliance.