In Budget 2022, the Government of India had brought the option of ITR-U. This facility is beneficial for those taxpayers who have not been able to file their ITR or have made mistakes in previous returns. Through ITR-U, taxpayers can correct mistakes or omissions in their ITR for two years from the end of the relevant assessment year. In the assessment year 2021-22, you can file ITR-U by 31 March 2024. Similarly, for 2022-23, you can file ITR-U till 31 March 2025.
In ITR-U, you can show that income, which you could not show in your previous return. Moreover, this facility is available to anyone, whether or not he has filed original, late or revised ITR. If someone has forgotten to file ITR in any financial year, he can also use it.
