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Income Tax Department has enabled the e-filing of ITR-U on the Income Tax Portal for Assessment Year 2023-2024 (Financial Year 2022-2023).
ITR-U can be filed within two years from the end of the relevant assessment year. Taxpayers filing this will have to provide the reason for updating their income. They have to explain why the return was not filed earlier or why the correct income information was not given.
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The last date to file an income tax return is 15 September 2025. So far, only five crore returns have been filed across India, reveals the latest data of the Income Tax (I-T) department as on 8 September.
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