New ITR-U Rules 2025: Tax Dept Extends Filing Deadline To 48 Months, Check Key Changes
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ITR Filing: ITR-U allows you to correct errors and omissions in your previous ITRs. Check key updates in ITR-U.
Income Tax FY 2024-25: The Income Tax Department (ITD) has notified the ITR-U (Updated Income Tax Return) form with key updates, including extension of time limit, new additional tax rates for delayed ITR-U filings, changes in section 139 (8A), and many more.
CBDT released the notification of ITR-U on May 19.
ITR-U allows you to correct errors and omissions in your previous ITRs. In case you miss to file ITR in previous AY, you can use ITR-U to complete your tax responsibilities.
1. Extended Time Limit: The filing deadline has been extended to 48 months (4 years), as per the Finance Act, 2025.
2. Additional Tax Payable:
– Filing in the 3rd year will incur an additional income tax of 60%.
– Filing in the 4th year will incur an additional income tax of 70%.
3. Amendment to Section 139(8A): No ITR-U can be filed if a notice under Section 148A (show-cause notice) is issued after 36 months from the end of the relevant assessment year. However, if an order under Section 148A(3) later states that it is not a valid case for notice under Section 148, then ITR-U can still be filed within 48 months from the end of the relevant assessment year.
4. Amendment to Section 140B: This section has been updated to prescribe the additional income tax payable for the extended timelines.
5. Amendment to Rule 12AC: This rule has been updated accordingly to reflect these changes.
ITR Filing Season 2025
The income tax department has now notified all seven income tax return (ITR) forms for the assessment year 2025-26. Though ITR filing is yet to be enabled, it is necessary to know which tax return form should you choose to file income tax return. Most individual taxpayers will have to file their income tax returns by July 31, 2025, while different categories of assessees, including companies and those requiring audits, have different deadlines.
First Published:
May 20, 2025, 11:34 IST
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