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Income Tax Filing 2025: ITR-U Facility Now Open for AY 2021-22 and 2022-23 for ITR-3 and ITR-4 Filers to Correct Mistakes or Missed Returns

The Income Tax Department has enabled the Updated Return (ITR-U) filing facility for Assessment Years 2021-22 and 2022-23 for taxpayers using ITR-3 and ITR-4 forms. Introduced under Section 139(8A) of the Income Tax Act, ITR-U allows individuals to rectify errors, report omitted income, or file returns if they missed the original deadline.

Income Tax Filing 2025: ITR-U Facility Now Open for AY 2021-22 and 2022-23 for ITR-3 and ITR-4 Filers to Correct Mistakes or Missed Returns
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The Income Tax Department has enabled the Updated Return (ITR-U) filing facility for Assessment Years 2021-22 and 2022-23 for taxpayers using ITR-3 and ITR-4 forms. Introduced under Section 139(8A) of the Income Tax Act, ITR-U allows individuals to rectify errors, report omitted income, or file returns if they missed the original deadline. However, filing an ITR-U carries an additional tax burden—up to 50% of the extra tax and interest payable. ITR-3 applies to individuals and HUFs with income from business or profession, while ITR-4 (Sugam) is for resident individuals, HUFs, and certain partnership firms opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE. New Income Tax Bill 2025 Passed in Lok Sabha: All You Need to Know About Key Changes.

Income Tax Filing 2025

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(The above story first appeared on LatestLY on Aug 15, 2025 10:42 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).