The Income Tax Department has officially enabled the filing of Updated Returns (ITR-U) for Assessment Years 2021–22 and 2022–23, giving taxpayers a chance to correct or complete past returns—but only ...
Belated Return (Section 139(4)): Filed when the original deadline is missed. This usually incurs a penalty under Section 234F plus applicable interest. Revised Return (Section 139(5)): Used to fix ...