CBDT notifies the ITR-U form for the filing of the updated declaration
The Central Board of Direct Taxes (CBDT) has notified the Form-ITR-U for the filing of the updated declaration.
The tax return to be furnished by any person eligible to file such a return under Subsection (8A) of Section 139, relating to the tax year commencing April 1, 2020 and the tax years following, must be in the ITR-U form and be verified in the manner indicated.
The notice issued on Friday stated that “for the purposes of this sub-rule, “electronic verification code means a code generated for the purpose of electronic verification of the person providing the tax return in accordance with the data structure and standards specified by the director. major. General of Income Tax (Systems) or General Manager of Income Tax (Systems).
The notification stated that the Senior Director General of Income Tax (Systems) or the Director General of Income Tax (Systems) will specify the procedures, formats and standards to ensure the capture and transmission secure data and will also be responsible for changing and implementing appropriate security, archiving and retrieval policies with respect to the provision of the statement in the manner specified in column (3) of the table.
Support our journalism by subscribing to Taxscan ad-free. follow us on Telegram for quick updates.