/ income tax return

Updated ITR (ITR-U) Time Window Extended to 4 Years

ITR U update

Big Update from Income Tax Portal! As per Finance Act 2025

Taxpayers can now file an updated ITR (ITR-U) for up to 4 assessment years!  Taxpayers can now revise their returns for up to 4 assessment years—a significant extension from the earlier 2-year limit under Section 139(8A).

Who should consider filing ITR-U?

  • Missed reporting income earlier
  • Underreported income or claimed wrong deductions
  • Missed the original/belated/revised return deadline
  • Want to avoid scrutiny or penal proceedings by proactively disclosing

Currently Available for Filing: You can now file ITR-U for:

ITR-U is your Second Chance

Important: The longer you delay, the more you pay in additional tax:

  • If you file the ITR-U within 12 months from the end of the relevant AY, you’ll pay 25% additional tax on tax + interest.
  • If you file between 12–24 months, it increases to 50%.
  • If filed between 24–36 months, the additional tax is 60%.
  • And if you file between 36–48 months, it shoots up to 70%!

So if you’re planning to file ITR-U, be ready for high additional tax — up to 60% or 70% depending on how late you file. File ASAP once the portal opens to limit your additional tax liability and avoid further complications. Don’t wait! File early to save tax and avoid penalties

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