Filing My First ITR-U: A Quick Lesson

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After my CA exams were over, I had a small list of topics I wanted to explore—and ITR-U (Updated Return) was one of them. I had never filed it before and planned to understand it properly once I got some free time. Little did I know, the opportunity to learn it would come sooner than expected—and not through books, but through real work.

Once I resumed work post-exams, my principal asked me to file a return for a client. At first, I didn’t realize it was an updated return. It was only when I started going through the client’s files that I noticed the previous year’s return hadn’t been filed at all. That’s when it clicked—this wasn’t a regular return. It had to be filed under ITR-U.

Like I always do when I come across something new, I turned to ChatGPT for some guidance. It gave me all the necessary information: the process, applicable sections, and steps involved. With that support, I filed my first ITR-U.

Here’s What I Learned:

  1. Select the Correct Section

    You need to select Section 139(8A) while filing an ITR-U. This section applies when the original or belated return was not filed within the due date.

  2. Tax Payment Under Section 140B

    If any tax liability arises while filing the updated return, it should be paid as self-assessment tax. This should be specified correctly under "Tax paid u/s 140B".

  3. Everything Else is Routine
    Apart from these two critical points, the process is pretty much the same as filing a regular.

Simple, right? That’s all.
Happy learning! :)...........

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