## Report on the Income-tax Eleventh Amendment Rules, 2022
**1. Executive Summary:**
This report analyzes the Income-tax Eleventh Amendment Rules, 2022, as notified by the Central Board of Direct Taxes (CBDT) on April 29, 2022. This amendment introduces Rule 12AC, concerning the "Updated return of income" (ITRU), enabling taxpayers to update their income within twenty-four months from the end of the relevant assessment year. This report details the provisions of this amendment, including the introduction of Form ITRU, filing procedures, eligibility criteria, and potential impacts on taxpayers. The key finding is that this amendment provides a mechanism for taxpayers to voluntarily correct errors or omissions in their previously filed income tax returns, subject to certain conditions and additional tax liability.
**2. Introduction:**
This report provides an informative overview of the Income-tax Eleventh Amendment Rules, 2022, based solely on the provided policy text. The report aims to clarify the amendment's purpose, key provisions, target audience, and likely implications for taxpayers and the tax administration.
**3. Policy Overview:**
* **Amendment To:** Income-tax Rules, 1962
* **Core Objective(s):** Based on the text, the core objective of this amendment is to introduce a mechanism for taxpayers to file an updated return of income (ITRU) under subsection 8A of section 139 of the Income-tax Act, 1961. This allows for the correction of errors or omissions in previously filed returns or for filing returns that were not previously submitted within a specified timeframe.
**4. Background and Rationale:**
The introduction of the "Updated return of income" (ITRU) suggests a need to provide taxpayers with an opportunity to rectify any inadvertent errors or omissions in their income tax filings. This amendment likely addresses the issue of underreporting of income or non-filing of returns by providing a voluntary compliance window. By allowing taxpayers to update their income and pay any additional taxes due, the government aims to increase tax revenue and reduce litigation associated with discrepancies in income tax returns.
**5. Key Provisions / Changes:**
This amendment introduces Rule 12AC to the Income-tax Rules, 1962, and Form ITRU. The changes are:
* **Addition of Rule 12AC:** This rule establishes the framework for filing updated returns of income.
* **New Rule/Provision:** Rule 12AC allows any person eligible under subsection 8A of section 139 to furnish an updated return of income using Form ITRU for assessment years commencing on or after April 1, 2020. Subrule 2 specifies the manner of furnishing the return of income based on the type of taxpayer.
* **Difference/Effect:** Prior to this amendment, there was no explicit provision for filing an "updated return" after the due date for filing a revised return had passed. This provision enables taxpayers to voluntarily disclose previously unreported income and pay taxes on it, thereby avoiding potential penalties and legal consequences. The rule details the mode of filing depending on whether the taxpayer's accounts are subject to audit.
* **Introduction of Form ITRU:** This form is specifically designed for filing updated returns.
* **New Rule/Provision:** Appendix II of the Income-tax Rules, 1962, is amended to include Form ITRU. The form includes sections for general information (Part A), computation of total updated income and tax payable (Part B), details of tax payments, and a verification section. It also includes a section on reasons for updating the income.
* **Difference/Effect:** This provides a standardized format for taxpayers to disclose additional income, calculate tax liability, and provide reasons for updating their return. The form requires details of previous returns filed (if any), total income as per the updated return, amount payable/refundable, and details of tax payments made with the updated return.
**6. Target Audience and Stakeholders:**
The primary target audience for this amendment is taxpayers who:
* Are eligible to file an updated return under subsection 8A of section 139 of the Income-tax Act, 1961.
* Have not filed a return previously.
* Have underreported their income in the original return.
* Have chosen wrong heads of income in the original return.
* Wish to reduce carried forward loss, unabsorbed depreciation, or tax credit.
Other stakeholders include:
* The Central Board of Direct Taxes (CBDT), responsible for implementing and administering the updated return scheme.
* The Income Tax Department, responsible for processing updated returns and ensuring compliance.
* Tax professionals, who will assist taxpayers in filing updated returns.
**7. Implementation Aspects (Inferred):**
* **Responsible Agency/Bodies:** The Central Board of Direct Taxes (CBDT) and the Principal Director General of Income-tax Systems or Director General of Income-tax Systems are responsible for implementing and administering the updated return scheme.
* **Timelines/Procedures:** Taxpayers can file an updated return within twenty-four months from the end of the relevant assessment year. The Principal Director General of Incometax Systems or Director General of Incometax Systems will specify the procedures, formats, and standards for secure capture and transmission of data.
* The return can be filed electronically with digital signature or by transmitting the data electronically under electronic verification code.
**8. Expected Outcomes / Impact of Changes:**
The likely intended outcomes of this amendment are:
* Increased tax compliance through voluntary disclosure of previously unreported income.
* Reduction in tax-related litigation due to the opportunity for taxpayers to correct errors.
* Enhanced tax revenue for the government.
* A more streamlined and efficient tax administration process.
The potential impact of the amendment includes:
* Increased workload for tax professionals in assisting taxpayers with filing updated returns.
* Potential confusion among taxpayers regarding eligibility and the process for filing updated returns.
* A need for clear and comprehensive guidance from the Income Tax Department on the updated return scheme.
**9. Conclusion:**
The Income-tax Eleventh Amendment Rules, 2022, introduce a significant change to the income tax filing process by allowing taxpayers to file an updated return of income. This amendment provides a valuable opportunity for taxpayers to rectify errors or omissions and comply with tax regulations, potentially leading to increased tax revenue and reduced litigation. Understanding the provisions of Rule 12AC and Form ITRU is crucial for taxpayers and tax professionals alike. The amendment signifies a move towards encouraging voluntary compliance and simplifying the tax administration process.
Key Entities Referenced
NEW DELHI: Location of publication of the gazette notification.
Income-tax Act, 1961: The primary legislation being amended by this notification.
Central Board of Direct Taxes: The issuing authority for this notification, under the Department of Revenue, Ministry of Finance.
Incometax Rules, 1962: The rules being amended by this notification.
Incometax Eleventh Amendment Rules, 2022: The name given to the amendments introduced by this notification.
Official Gazette: The publication in which the rules are officially published.
Form ITRU: The form for updated return of income.
section 139: Section of the Income-tax Act, 1961 related to filing returns.
section 44AB: Section of the Income-tax Act, 1961 related to tax audit.
Form ITR7: Form for furnishing return of income
Principal Director General of Incometax Systems: Authority responsible for specifying procedures for data capture and transmission related to income tax returns.
Director General of Incometax Systems: Authority responsible for specifying procedures for data capture and transmission related to income tax returns.
AppendixII: Location in principal rule where ITRU form is to be inserted.
section 1398A: Section of the Income-tax Act, 1961 related to updated return of income.
section 115JB: Section of the Income-tax Act, 1961 related to special provision for payment of tax by certain companies.
115JC: Section of the Income-tax Act, 1961 related to special provision for payment of tax by certain companies.
section 234F: Section of the Income-tax Act, 1961 related to Fee for default in furnishing return of income.
section 140B: Section of the Income-tax Act, 1961 related to Tax paid for updated return.
section 89: Section of the Income-tax Act, 1961 related to Relief in respect of income.
section 244A: Section of the Income-tax Act, 1961 related to Interest on refunds.
रजजस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-29042022-235446
xxxGIDHxxx
CG-DL-E-29042022-235446
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ऄसाधारण
EXTRAORDINARY
भाग II—खण् ड 3—ईप-खण्ड (i)
PART II—Section 3—Sub-section (i)
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 311] नइ ददल्ली, िुक्रिार, ऄप्रलै 29, 2022/ििै ाख 9, 1944
No. 311] NEW DELHI, FRIDAY, APRIL 29, 2022/VAISAKHA 9, 1944
जित्त मत्रं ालय
(राजस्ट्ि जिभाग)
(केन्द्रीय प्रत्यक्ष कर बोडड)
ऄजधसचू ना
नइ ददल् ली, 29 ऄप्रैल, 2022
सा.का.जन. 325(ऄ).—केन्द्रीय प्रत्यक्ष कर बोडड, अयकर ऄजधजनयम, 1961 (1961 का 43) की धारा 295 के साथ पठठत
धारा 139 की ईपधारा (8क) द्वारा प्रदत्त िजियों का प्रयोग करते हुए, अयकर जनयम, 1962 का जनम्नजलजखत और संिोधन करता है,
ऄथाडत ्:-
1. सजक्षप्त नाम और प्रारंभ.-(1) आन जनयमों का संजक्षप्त नाम अयकर (ग्यारहिां संिोधन) जनयम, 2022 है।
(2) ये राजपत्र में ईनके प्रकािन की तारीख को प्रिृत्त होंगे।
2. अयकर जनयम, 1962 (जजसे आसमें आसके पश्चात् मूल जनयम कहा गया ह)ै , जनयम 12कख के पश्चात् जनम्नजलजखत जनयम ऄतं ःस्ट्थाजपत
दकया जाएंगे, ऄथाडत ्:-
“12कग. अय की ऄद्यतन जििरणी.-(1) धारा 139 की ईपधारा (8क) के ऄधीन जििरणी फाआल करने योग्य व्यजि 1 ऄप्रैल,
2020 को प्रारंभ होने िाले जनधाडरण िर्ड और पश्चात्िती िर्ों से संबंजधत अय की जििरणी प्ररुप अइटीअर-यू में कर सकता ह ैजो
आसमें ईपदर्शित तरीके से सत्याजपत होगा।
(2) ईपजनयम (1) में जनर्ददष्ट अय की जििरणी दकसी व्यजि द्वारा ददया जा सकता ह ैजो ईसके स्ट्तंभ (3) में जिजनर्ददष्ट तरीके में
नीचे दी गइ सारणी के स्ट्तंभ (2) में िर्शणत है:-
2979 GI/2022 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
सारणी
क्रम सं. व्यजि अय की जििरणी दने े की रीजत
(1) (2) (3)
1. व्यजष्ट या हहद ूऄजिभि कुटुंब या फमड या सीजमत दाजयत्ि ऄंकीय जचह्नक के ऄधीन आलेकराजनक रुप से
िाली भागीदारी या व्यजष्ट के जनकाय या व्यजियों का
संगम, चाह े िे जनगजमत हों या नहीं, या स्ट्थानीय
प्राजधकारी या कृजत्रम न्द्याजयक व्यजि जजसके मामले में
ऄजधजनयम की धारा 44 कख के ऄधीन खाते को
संपरीजक्षत दकया जाना ऄपेजक्षत है या कंपनी या
राजनीजतक पाटी को प्ररुप अइटीअर-7 में जििरणी दने ा
ऄपेजक्षत ह।ै
2. व्यजष्ट या हहद ूऄजिभि कुटुंब या फमड या सीजमत दाजयत्ि (क) ऄंकीय जचह्नक के ऄधीन आलेकराजनक रुप से
िाली भागीदारी या व्यजष्ट के जनकाय या व्यजियों का
(ख) आलेक्ट्राजनक सत्यापन कोड के ऄधीन जििरणी में
संगम, चाह े िे जनगजमत हों या नहीं, या स्ट्थानीय
डाटा को आलेक्ट्राजनक रुप में प्रेजर्त करना
प्राजधकारी या कृजत्रम न्द्याजयक व्यजि या धारा 139 की
ईपधारा (4क) या ईपधारा (4ख) या ईपधारा (4ग) या
ईपधारा (4घ), ईपरोि क्र.सं. (1) के संतम्भ (2) म ें
ईजल्लजखत व्यजियों से ऄन्द्य।
स्ट्पष्टीकरण.- आस ईपजनयम के प्रयोजनों के जलए “आलेक्ट्राजनक सत्यापन कोड” से अयकर के प्रधान महाजनदिे क (प्रणाली) या
अयकर महाजनदिे क (प्रणाली) द्वारा जिजनर्ददष्ट जनर्शमजत डाटा संरचना और मानकों के ऄनुसार अय की जििरणी दने ा व्यजष्ट के
आलेक्ट्राजनक रुप से सत्यापन के प्रयोजनों के जलए ईत्पन्न कोड ऄजभप्रेत ह।ै
(3) अयकर प्रधान महाजनदिे क (प्रणाली) या अयकर महाजनदिे क (प्रणाली) डाटा को सुरजक्षत रखने और भेजने को सुजनजश्चत
करने के जलए प्रदक्रया, रुपजिधान और मानकों को जिजनर्ददष्ट करेंगे और सारणी के संतम्भ (3) में जिजनर्ददष्ट रीजत में दने े के संबंध में
ईजचत सुरक्षा, ऄजभलेखीय और क्षजतपूर्शत नीजतयों को जिकजसत करने और कायाडजन्द्ित करने के जलए जजम्मेदार भी होंगे ।’।
3. मूल जनयमों में, पठरजिष्ट-2 में, अइटीअर-पाि. के पश्चात् जनम्नजलजखत अइटीअर-यू (जििरणी ऄद्यतन करने के जलए
अइटीअर) ऄंतःस्ट्थाजपत दकया जाएगा, ऄथाडत् :-
भारतीय अयकर ऄद्यतन जििरणी
[व्यजियों के जलए सुसंगत जनधाडरण िर्ड के ऄंत से चौबीस महीने के भीतर अय को ऄद्यतन करने के जलए]
प (पात्रता के जलए जनदिे दखे ें)
रू अ.क.जि.- य ू
प्र
‘ (कृपया अयकर जनयम, 1962 का जनयम 12कक दखे ें)
भाग क साधारण जानकारी - 139(8क)
(क2) नाम (क3 अधार संख्या (12 ऄंक) / अधार नामांकन अइडी (28 ऄंक) (यदद अधार
(क 1)
संख्या के जलए पात्र ह)ैं
पैन[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 3
(क4) जनधाडरण िर्ड (क 5) क्ट्या आस जनधाडरण िर्ड के जलए (क 6) यदद हााँ, क्ट्या धारा 139(1) के ऄधीन फाआल
पहले जििरणी फाआल की गइ थी? दकया गया है
[कृपया जनदिे दखे ें]
ऄन्द्य
हा ाँ नहीं
(क7) यदद लागू हो, तो फाआल प्ररूप दजड करें, (कृपया
पाि.सं.और
पािती संख्या या रसीद संख्या और मूल ड्रॉपडाईन से
फाआल करने / /
जििरणी फाआल करने की तारीख अइटीअर
की तारीख
(ददन/माह/िर्ड) प्रकार चुनें)
(क8) क्ट्या अप धारा 139(8क) के पहले, दसू रे और तीसरे परंतुक मेंऄजधकजथत ितों के ऄनुसार ऄद्यतन जििरणी फाआल करने के पात्र
ह?ैं
हााँ नहीं
(क9) कृपया ऄपनी अय को ऄद्यतन करने के जलए अइटीअर प्ररूप चुनें (अइटीअर 1-7 को ड्रॉप-डाईन से चुना जाना चाजहए और इ-
फाआहलग ईपयोजगता द्वारा ईपलब्ध कराए गए जििरण के ऄनुसार भरा जाना चाजहए - जनदिे दखे ें)
(क10) अपकी अय को ऄद्यतन करने के कारण:
जििरणी पहले फाआल नहीं दकया गया
अय की सही सूचना नहीं दी गइ
अय के गलत िीर्ड चुने गए
ऄग्रेजर्त हाजन में कमी
िेर् ऄिक्षयण में कमी
धारा 115ञख/115 ञग के ऄधीन प्रजतदये कर में कमी
कर की गलत दर
ऄन्द्य
(क11) क्ट्या अप ऄद्यतन जििरणी सुसंगत जनधाडरण िर्ड के ऄंत से 12 महीने तक 12 से 24 महीनों के बीच की ऄिजध के दौरान
फाआल कर रह ेहैं
(क12) (क) क्ट्या अप ऄग्रेजर्त हाजन या िेर् ऄिक्षयण या प्रजतदये कर को कम करने के जलए ऄद्यतन जििरणी फाआल कर रह ेहैं?
हााँ नहीं
(ख) यदद हां, तो कृपया जनधाडरण िर्ड जनर्ददष्ट करें जहां आस ऄद्यतन जििरणी के कारण ऄग्रेजर्त हाजन या िेर् ऄिक्षयण या प्रजतदये कर
प्रभाजित हो रहा ह।ै (कृपया ड्रॉप डाईन मेनू से चयन करें)
क्ट्या ईपरोि (ख) में जनधाडरण िर्ड के जलए पुनरीजक्षत जििरणी फाआल की गइ है हा ाँ नहीं
क्ट्या ईपरोि (ख) में जनधाडरण िर्ड के जलए ऄद्यतन जििरणी फाआल की गइ ह ै हा ाँ नहीं
भाग ख - कुल ऄद्यतन अय और दये कर की ऄजत सगं णना
1. क अय का िीर्ड जजसके ऄधीन ऄद्यतन जििरणी राजि के ऄनुसार रुपये में ऄजतठरि अय लौटाइ जा रकम रुपए में
रही है
अय का िीर्ड (यदद हााँ, तो कृपया ऄजतठरि अय जनर्ददष्ट करें)
क. िेतन से अय
ख. गृह संपजत्त से अय
ग. व्यापार या पेिे से अय
घ. पूंजीगत लाभ से अय
ङ. ऄन्द्य स्रोतों से अय4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
च. कुल ऄजतठरि अय (क+ख+ग+घ+ङ.+च)
ख. जपछले िैध जििरणी के ऄनुसार कुल अय (केिल ईन मामलों में जहां अयकर जििरणी पहले
फाआल दकया गया ह)ै
2. भाग ख-टीअइ के ऄनुसार कुल अय (कृपया जनदिे दखे ें)
3. दये राजि, यदद कोइ हो (ऄद्यतन अइटीअर के भाग ख-टीटीअइ की "दये राजि" से ली जाए)
(कृपया जनदिे दखे ें)
4. िापसी योग्य राजि, यदद कोइ हो (ऄद्यतन दकए गए अइटीअर के भाग ख-टीटीअइ के " प्रजतदाय
" से ली जाए) (कृपया जनदिे देखें)
5. ऄंजतम िैध जििरणी के अधार पर दये राजि (केिल लागू मामलों में)
6. (i) जपछले िैध जििरणी के ऄनुसार दािा दकया गया प्रजतदाय, यदद कोइ हो (कृपया जनदिे दखे ें)
(ii) जपछले िैध जििरणी के ऄनुसार जारी दकया गया कुल प्रजतदाय, यदद कोइ हो (धारा 244क के
ऄधीन प्राप्त ब्याज सजहत ) (कृपया जनदिे दखे ें)
7. धारा 234च के ऄधीन अय की जििरणी प्रस्ट्तुत करने में चूक के जलए िुल्क
8. जनयजमत जनधाडरण कर, यदद कोइ हो (लागू मामलों में)
9. ऄजतठरि अय पर सकल दये ता
(i) यदद धनिापसी जारी की गइ है [3 + 6ii- (5 + 8)])
(ii) यदद धनिापसी जारी नहीं की गइ है [3 + 6i – (5+8)]
10. ऄद्यतन अय पर ऄजतठरि अयकर दये ता [25% or 50% of (9-7)]
11. दये िुद्ध रकम (9+10)
12. 140ख के ऄधीन संदये कर
13. दये कर (11-12)
14. कर संदाय (केिल ऄद्यतन जििरणी के ऄनुसार)
क धारा 140ख के ऄधीन ऄद्यतन जििरणी पर कर के भुगतान का जििरण
क्र.सं. बीएसअर कोड जमा करने की तारीख चालान रकम की क्रम रकम(रु.)
(ददन/माह/िर्ड)) संख्या
(1) (2) (3) (4) (5)
र
क
न
i
ी
ध
ऄ
ii
के
ख
0 iii
4
1
iv
ठटप्पण► भाग ख-ऄजत के क्र. सं.11पर धारा 140ख के ऄधीन संदये कर का योग
कर संदाय
ऄजग्रम कर/स्ट्ि-जनधाडरण कर/जनयजमत जनधाडरण कर के भुगतान का जििरण, जजसके जलए जमा नहीं दकया गया है पहले के
ख
जििरणी में दािा दकया गया ह ै(ईसके जलए धारा 140ख(2) के ऄधीन प्रजतदये की पुनः ऄनुमजत नहीं ह)ै[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 5
क्र.सं. बीएसअर कोड जमा करने की तारीख चालान राजि की क्रम रकम(रु.)
र क (ददन/माह/िर्ड)) संख्या
ण
र
डा ध (1) (2) (3) (4) (5)
न
ज
त
म i
ज
य
न
ज /न ii
क
ंा
य
ल् iii
ूम
-
ि
स्ट् /म iv
ग्र
ज
ऄ ठटप्पण ► धारा 140ख(2) के ऄधीन ईपरोि के जलए प्रजतदये की पुनः ऄनुमजत नहीं ह ै
15. धारा 89के ऄधीन राहत जजसका दािा पहले जििरणी में नहीं दकया गया ह ै[ईसके जलए धारा रुपए
140 ख (2) के ऄधीन राहत की ऄनुमजत नहीं ह]ै
सत्यापन
मैं,_______________ पुत्र/पुत्री_________ सत्यजनष्ठा से घोर्णा करता हं दक मेरे सिोत्तम ज्ञान और जिश्वास के ऄनुसार, जििरणी
में दी गइ जानकारी सही और पूणड ह ैऔर अयकर ऄजधजनयम, 1961 के ईपबंधों के ऄनुसार ह।ै मैं अगे घोर्णा करता हं दक मैं हं आस
जििरणी को ___________ (इ-फाआहलग ईपयोजगता में प्रदान करने के जलए ड्रॉप डाईन) के रूप में ऄपनी क्षमता में बना रहा ह ंऔर
मैं आस जििरणी को बनाने और आसे सत्याजपत करने के जलए भी सक्षम ह।ं मेरे पास स्ट्थायी खाता संख्या ह।ै (कृपया जनदिे दखे ें)।
तारीख: हस्ट्ताक्षर:’.
[ऄजधसूचना स.ं 48/2022/फा. स.ं370142/18/2022-टीपीएल(भाग-1)]
िेफाली हसह, ऄिर सजचि, कर नीजत और जिधायन
ठटप्पण : मूल जनयम ऄजधसूचना का.अ. 969(ऄ), तारीख 26 माचड, 1962 द्वारा प्रकाजित दकया गया और ऄजधसूचना
सा.का.जन 309(ऄ), तारीख 22 ऄप्रैल, 2022 द्वारा ऄंजतम बार संिोजधत दकया गया।
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
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,––6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
‗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:––
TABLE
Sl. No. Person Manner of furnishing return of income
(1) (2) (3)
1. Individual, or Hindu undivided family or Electronically under digital signature.
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.
2. Individual, or Hindu undivided family, or (A) Electronically under digital signature;
firm, or limited liability partnership, or
(B) Transmitting the data electronically in the return
an association of persons or a body of
under electronic verification code.
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.
Explanation.–– For the purposes of this sub-rule, ―electronic verification code‖ means a code generated for the
purpose of electronic verification of the person furnishing the return of income as per the data structure and standards
specified by Principal Director General of Income-tax (Systems) or Director General of Income-tax (Systems).
(3) The Principal Director-General of Income-tax (Systems) or Director-General of Income-tax (Systems) shall
specify the procedures, formats and standards for ensuring secure capture and transmission of data and shall also be
responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to furnishing
the return in the manners specified in column (3) of the Table.’.
3. In the principal rules, in Appendix-II, after the ITR-Ack, the following Form ITR-U (ITR for updated return)
shall be inserted, namely:—
INDIAN INCOME TAX UPDATED RETURN
M
[For persons to update income within twenty-four months from the end of the relevant
R ITR-U assessment year]
O
F (Refer instructions for eligibility)
‗
(Please see rule 12AC of the Income-tax Rules, 1962)
PART A GENERAL INFORMATION – 139(8A)
(A2) Name (A3) Aadhaar Number (12 digits)/Aadhaar Enrolment Id (28 digits)
(A1) (If eligible for Aadhaar No.)
PAN[भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 7
(A4) Assessment Year (A5) whether return previously (A6) If yes,
[Please see instruction] filed for this assessment year?
Whether filed u/s 139(1) Others
Yes No
(A7) If applicable, enter form filed, (Please select
Ack no
Acknowledgement no. or Receipt ITR type
and date / /
No. and Date of filing original from
of filing
return (DD/MM/YYYY) dropdown)
(A8) Are you eligible for filing an updated return as per the conditions laid out in first, second and third
provisos to section 139(8A)?
Yes No
(A9) Please choose the ITR form for updating your income (ITRs 1-7 to be selected from drop-down and
filled as per the details made available by e-filing utility – see instruction)
(A10) Reasons for updating your income:
Return previously not filed
Income not reported correctly
Wrong heads of income chosen
Reduction of carried forward loss
Reduction of unabsorbed depreciation
Reduction of tax credit u/s 115JB/115JC
Wrong rate of tax
Others
(A11) Are you filing the updated return during the period upto 12 months from the end of the relevant
assessment year between 12 to 24 months from the end of the relevant assessment year
(A12) (a) Are you filing the updated return to reduce carried forward loss or unabsorbed depreciation or tax
credit? Yes No
(b) If yes, please specify the assessment years where carried forward loss or unabsorbed depreciation or tax
credit is being affected because of this updated return. (Please select from drop down menu)
Whether revised return has been filed for the AY in (b) above Yes No
Whether updated return has been filed for the AY in (b) above Yes No
PART B – ATI COMPUTATION OF TOTAL UPDATED INCOME AND TAX PAYABLE
1. A Head of income under which additional income is being returned as per Updated Amount in Rs
Return
Head of income (If yes, Please specify additional income)
a Income from Salary
b Income from House Property
c Income from Business or Profession
d Income from Capital gains
e Income from other Sources
f. Total additional income (a+b+c+d+e)
B. Total income as per last valid return (only in cases where the Income Tax
Return has previously been filed)
2. Total income as per Part B-TI (Please see instruction)
3. Amount payable, if any (To be taken from the ―Amount payable‖ of Part B-TTI8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)]
of the updated ITR) (Please see instruction)
4. Amount refundable, if any (To be taken from ―Refund‖ of Part B-TTI of the
updated ITR) (Please see instruction)
5. Amount payable on the basis of last valid return (only in applicable cases)
6. (i) Refund claimed as per last valid return, if any (Please see instruction)
(ii) Total Refund issued as per last valid return, if any (including interest u/s
244A received) (Please see instruction)
7. Fee for default in furnishing return of income u/s 234F
8. Regular Assessment Tax, if any (in applicable cases)
9. Aggregate liability on additional income,
(i) in case refund has been issued [3 + 6ii- (5 + 8)])
(ii) in case refund has not been issued [3 + 6i – (5+8)]
10. Additional income-tax liability on updated income [25% or 50% of (9-7)]
11. Net amount payable (9+10)
12. Tax paid u/s 140B
13. Tax due (11-12)
14. TAX PAYMENTS (ONLY as per Updated Return)
A Details of payments of tax on updated return u/s 140B
Sl No BSR Code Date of Deposit Serial Number Amount (Rs)
(DD/MM/YYYY) of Challan
B (1) (2) (3) (4) (5)
0
4
1
S
i
/U
D
ii
I
A iii
P
X
A iv
T
NOTE
Enter the totals of tax paid u/s 140B at Sl. No.11 of Part B-ATI
►
TAX PAYMENTS
Details of payments of Advance Tax / Self-Assessment Tax / Regular Assessment Tax, credit for
B which has not been claimed in the earlier return (credit for the same is not to be allowed again
under section 140B(2) )
Sl No BSR Code Date of Deposit Serial Number Amount (Rs)
/T
N X A (DD/MM/YYYY) of Challan
ET
M T (1) (2) (3) (4) (5)
SN
S E SE M i
SS
AS
FE ii
LS
S
EA iii
S
/E R
CA
iv
NL
U
A
VG NOTE
DE Credit for above is not to be allowed again under section 140B(2)
AR ►
15. Relief u/s 89 which is not claimed in earlier return [relief for the same is not to be Rs.
allowed under section 140B(2)][भाग II—खण् ड 3(i)] भारत का राजपत्र : ऄसाधारण 9
VERIFICATION
I, son/ daughter of solemnly declare that to the best of my knowledge and
belief, the information given in the return is correct and complete and is in accordance with the provisions of the
Income-tax Act, 1961. I further declare that I am making this return in my capacity as ___________(drop down to
be provided in e-filing utility) and I am also competent to make this return and verify it. I am holding permanent
account number .(Please see instruction).
Date: Signature:‘.
[Notification No. 48/2022/F. No. 370142/18/2022-TPL(Part-1)]
SHEFALI SINGH, Under Secy, Tax Policy and Legislation
Note: The principal rules were published vide notification S.O. 969(E), dated the 26th March, 1962 and last amended
vide notification GSR 309(E), dated the 22nd April, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.