SENSEX
NIFTY
GOLD
USD/INR

Weather

image 22    C

Business News

Livemint

Business / Livemint

details

Missed income? ITR-U gives a second chance, but at a steep cost

Missed income disclosures after the December deadline? The updated return offers a second chancebut only if it results in higher tax, and with penalties that rise sharply over time.

15 Jan 2026 2:47 pm