Central Board of Direct Taxes (CBDT) has notified ITR-U (updated), a form that allows taxpayers to rectify errors or omissions and file your previous Income Tax Return. ITR (U) was …
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ITR-U
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Finance
Income Tax: What happens if you don’t file ITR for multiple years? Legal and financial consequences explained
by AutoTrendlyby AutoTrendlyFailing to submit your Income Tax Returns (ITR) for several years can have serious consequences for individuals. Repeated delays, omissions attract mounting penalties, legal complications, and other associated challenges. Such …