Income Tax
Praposal to extend time limit for Updated ITR
A N Bobade & Associates Chartered Accountants
09 Aug 2026
1 min read
The Bill proposes to increase the time limit for filing an Updated Return (ITR-U).
Highlights:
1. Time limit proposed to increase from 48 months to 60 months.
2. Gives taxpayers an additional opportunity to voluntarily correct omissions or disclose missed income.
3. Additional tax provisions will continue to apply.
Proposal under the Taxation and Other Laws (Amendments) Bill, 2026.
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Tags:
##ITRU