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ITR-U: What is it, how filing updated income tax return is helpful – who can submit and who cannot | Explained

However, the taxpayers who miss the regular deadline for their ITR or make a mistake on a previous one, the Income Tax Department offers them a golden window to do so through the Updated Return or ITR ...

Budget 2026: Fixing old ITR errors gets costly - late disclosures can go up to 70-80% extra tax

The Budget 2026 introduces significant penalties for correcting past income-tax errors with the updated Income Tax Return ...
The Financial Express

Budget 2026 tightens ITR filing rules: Correcting old tax mistakes will cost you up to 70% extra

After Budget 2026, correcting past income tax mistakes has become significantly more expensive. Under the updated return (ITR ...

Updated return: Found omissions after Dec 31? File ITR-U to cut legal risk

With the December 31 deadline for filing revised income tax returns now over, many taxpayers who later spot missed income or ...

Updated return filing conditions relaxed: Two new conditions when you can file ITR

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are ...