Income Tax Returns: What is ITR-U, who can file it and who cannot? From process to penalty – here’s all you need to know

To encourage voluntary compliance, the Government of India introduced the ITR-U in the Finance Act 2022 and amended the guidelines via Finance Act 2025.

​To encourage voluntary compliance, the Government of India introduced the ITR-U in the Finance Act 2022 and amended the guidelines via Finance Act 2025.