Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years

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..... Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years
Income Tax
Dated:- 20-5-2025
PTI
New Delhi, May 20 (PTI) The Income Tax department has notified ITR-U which will a .....

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..... llow taxpayers to file updated returns for 4 years from the end of relevant assessment year (AY). The Finance Act, 2025, had extended the time period for filing updated returns (ITR-U) to 48 months .....

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..... from 24 months from the end of relevant AY. For ITR-U filed within 12 months and 24 months of the end of relevant AY, 25 per cent and 50 per cent additional tax respectively have to be paid. For I .....

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..... TR-U filed within 36 months and 48 months, 60 per cent and 70 per cent additional tax will have to be paid by a taxpayer. In the last 3 years, about 90 lakh such returns were filed. Rs 8,500 crore a .....

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..... dditional revenues were garnered. PTI JD HVA
News - Press release - PIB .....

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