ITR-U: CBDT Releases Updated Income Tax Return to update income/reduce loss within 48 months
The Ministry of Finance (Department of Revenue) has recently issued a notification (G.S.R. 233(E) dated 30th March, 2026) regarding the new income tax rules.
As per the notification, the Central Board of Direct Taxes (CBDT), using its power given under section 139(8A) read with section 295 of the Income-tax Act, 1961, has amended the old Income-tax Rules, 1962.
The new rules will be known as Income-tax (Ninth Amendment) Rules, 2026. These rules are applicable from the date of their publication.
With the announcement of the new rules, the new ITR-U form is also attached to the notification. Taxpayers can take a look at the new updated return to prepare themselves for the ITR filing.
