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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:

  • AY 2024-25
  • AY 2023-24

Coming Soon:

  • AY 2022-23 (Facility coming soon)
  • AY 2021-22 (Facility coming soon)

(Portal functionality will be activated shortly — keep a lookout!)

Portal functionality for AY 2022-23 and AY 2021-22 will be enabled shortly — stay tuned!

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 for AY 2021-22 or 2022-23, be ready for high additional tax — up to 60% or 70% depending on how late you file. File ASAP once the portal opens for AY 2022-23 and 2021-22 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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