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The Central Board of Direct Taxes (CBDT) has enabled updated income tax return (ITR-U) filing via ITR-3 and ITR-4 forms on the e-filing ITR portal for AY 2021-22 and 2022-23. This ITR-U return via ITR-3 and ITR-4 forms can also be filed using the respective ITR form’s offline Excel utilities.
Understand how the Finance Act, 2025, changes the way you can update past income tax returns—along with the penalties and restrictions involved.
The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Updated Return form, known as ITR-U. The form comes with changes introduced in Budget 2025 and is effective from April 1, 2025.
CBDT issued notification no. 49/2025 dated 19.05.2025 to amend the Income-tax Rule, 1962 to substitute ITR-U (ITR for updated return).
Taxpayers need to file an updated income tax return (ITR-U) for Assessment Year (AY) 2021-22 (Financial Year 2020-21).
Eligible taxpayers need to file their updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21) by March 31, 2024,…
Income Tax Department has enabled the e-filing of ITR-U on the Income Tax Portal for Assessment Year 2023-2024 (Financial Year…
The ITR-U return allows taxpayers to file their income tax returns along with any additional information that may have been missed or omitted during the financial year. This return can be used to amend an already filed return or to file a return for any financial year after the due date.
If you have won money playing online games in the previous financial year, then as per the Central Board of…
The Income-tax department has collected around Rs 28 crore in taxes after about 1 lakh returns were filed by taxpayers…
