Missing income on your tax return can cause a problem later. But there is a legal way to fix some mistakes even after the normal return filing window has closed.<\/p>\n\n\n\n
The Updated Income Tax Return, also called ITR-U<\/strong>, allows eligible taxpayers to update income or correct certain details in an earlier return. The rules have also changed, with the law now permitting an updated return for a longer period in eligible cases.<\/p>\n\n\n\n Who can file ITR-U? Are there any limitations? And how much more tax do you have to pay?<\/strong><\/p>\n\n\n\n Let’s keep it simple.<\/p>\n\n\n\n