New Delhi, July 30 : The Income Tax Department has given taxpayers another opportunity to file updated Income Tax Returns (ITR-U) for Assessment Years 2021-22 and 2022-23. The deadline for filing these updated returns has now been extended from 24 months to 48 months.
In an official statement released on platform ‘X’ on Wednesday, the Income Tax Department announced that as per the Finance Act, 2025, taxpayers can officially file updated returns (ITR-U) for Assessment Years 2021-22 and 2022-23. This provision allows taxpayers to correct or complete their previous returns. However, this facility is only available for declaring additional income and cannot be used to reduce taxes or claim refunds.
What is an Updated Income Tax Return (ITR-U)?
The updated Income Tax Return (ITR-U) provides taxpayers a chance for voluntary compliance, enabling them to correct mistakes or omissions to reduce potential litigation. According to the Income Tax Department, the time limit for filing updated returns has now been increased from 24 months to 48 months from the end of the relevant assessment year. This additional period, provided under Section 139(8A) of the Income Tax Act, allows taxpayers extra time to rectify mistakes or omissions in their earlier filings by paying additional taxes, whether or not they had originally filed returns or had filed them incorrectly.
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