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ITR U for A.Y 2022-23

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Ashish

Chartered accountant

193 Points Posted on 26 October 2024

Dear Experts

can we file ITR for A.Y 2022-23 under updated ITR now ?
what is the last date for ITR U for A.Y 2022-23

Replies (2)

Quick Summary

Yes, you can still file an Updated Income Tax Return (ITR-U) for the Assessment Year 2022-23. The deadline to do so is March 31, 2025. This updated form allows you to correct any errors or omissions in your previously filed returns. Be aware that filing an ITR-U may incur an additional tax penalty of 25% or 50% depending on how late the filing is.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 26 October 2024

You can file ITR for A.Y. 2022-23 under the updated ITR, and the last date to do so is March 31, 2025.

The updated ITR, also known as the ITR-U, allows you to update your previous ITRs by correcting errors or omissions within two years from the end of the relevant assessment year Keep in mind that you'll have to pay an additional tax of 25% or 50% on the tax amount, depending on when you file the ITR-U .