Recommended Read :- Concept and Provisions of Updated Return under Income Tax Introduced in Budget 2022

(CBDT) vide Notification No. 48/2022 Dated 29th April 2022 notified Form and Manner for filing Updated Returns u/s 139(8A).

Updated return can be filed from the Financial Year 2019-20 [Assessment Year 2020-21] onwards. The return shall be filed in form no. ITR-U.

Read the official notification below –

(Department of Revenue)

New Delhi, the 29th April, 2022

G.S.R. 325(E). – In exercise of the powers conferred by sub-section (8A) of section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend Income-tax Rules, 1962, namely:-

1. Short title and commencement.—(1) These rules may be called the Income-tax (Eleventh Amendment) Rules, 2022.
(2) They shall come into force from the date of their publication in the Official Gazette.

2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 12AB, the following rule shall be inserted, namely,––

’12AC. Updated return of income.- (1) The return of income to be furnished by any person, eligible to file such return under the sub-section (8A) of section 139, relating to the assessment year commencing on the 1st day of April, 2020 and subsequent assessment years, shall be in the Form ITR-U and be verified in the manner indicated therein.

(2) The return of income referred to in sub-rule (1) shall be furnished by a person, mentioned in column (2) of the Table below in the manner specified in column (3) thereof:––


Sl. No.PersonManner of furnishing return of income
1.Individual, or Hindu undivided family or a firm or limited liability partnership or an association of persons or a body of individuals, whether incorporated or not, or a local authority or an artificial juridical person in whose case accounts are required to be audited under section 44AB of the Act or a Company or a political party required to furnish a return in Form ITR-7.Electronically under digital signature.
2.Individual, or Hindu undivided family, or firm, or limited liability partnership, or an association of persons or a body of individuals, whether incorporated or not, or a local authority or an artificial
juridical person, or a person required to file a return under sub-section (4A) or sub-section (4B) or sub-section (4C) or sub-section (4D) of section 139, other than a person mentioned in column (2) of Sl. No. (1) above.
(A) Electronically under digital signature;(B) Transmitting the data electronically in the return under electronic verification code.

To view / download the full notification, Click Here

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