CBDT notifies Form ITR-U for filing Updated Return u/s 139(8A) of the IT Act
The CBDT issued Income-tax (Eleventh Amendment) Rules, 2022 vide Notification No. 48/2022 dated April 29, 2022 to insert Rule 12AC of the Income Tax Rules, 1962 (“the IT Rules”) for updated return of Income i.e., Form ITR-U under Section 139(8A) of the Income Tax Act, 1961 (“the IT Act”).
Rule 12AC of the IT Rules states that updated return under Section 139(8A), relating to the assessment year commencing on April 01, 2020 and subsequent assessment years, shall be in the Form ITR-U and be verified in the manner indicated therein.
Source : https://egazette.nic.in/WriteReadData/2022/235446.pdf
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