TaxTMI 
TaxTMI 
Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years
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....ax department notifies ITR-U; taxpayers can file updated ITR for 4 years<BR>Income Tax<BR>Dated:- 20-5-2025<BR>PTI<BR>New Delhi, May 20 (PTI) The Income Tax department has notified ITR-U which will al....
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....low 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 f....
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....rom 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 IT....
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....R-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 ad....
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....ditional revenues were garnered. PTI JD HVA<BR> News - Press release - PIB....