ITR
ITR-U cannot be used to claim a refund or deduction
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Facts
No. An updated return cannot reduce tax, increase a refund, or claim a loss. For missed deductions you need a revised return within time, rectification for clear mistakes, or an appeal.
Provisions and law
- Sec 139(8A), Income-tax Act 1961 (now Sec 263(6), Income-tax Act 2025)Updated return within 48 months from the end of the relevant assessment year, once per year, not to reduce tax or raise a refund.
Analysis
If you missed an 80C deduction for AY 2026-27, a revised return till 31 March 2027 is the route. For older years, if the mistake is clear from the record, a rectification may help. Otherwise, a condonation request to file a refund claim may be possible in limited cases. ITR-U is only for adding tax.
Conclusion
- Check whether the revision window is open.
- If yes, file a revised return.
- If not, check rectification or condonation options.
- Do not file ITR-U for a refund.
A Savvy can do this for you
Updated return, ITR-U, Sec 263(6) (old 139(8A))
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