Quick Summary
The Income Tax Department has announced that taxpayers can now file updated returns for Assessment Years (AY) 2021-22 and AY 2022-23 using ITR-3 and ITR-4 forms. This facility is aimed at allowing individuals and businesses to rectify any errors, omissions or missed income disclosures in their previously filed returns. Taxpayers are advised to file their updated returns at the earliest to avoid interest and penalties. The facility is now live on the e-filing portal, and returns can be submitt
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FAQ :
The Income Tax Department has made a facility available for taxpayers to file updated Income Tax Returns (ITR) for specific assessment years.
The facility covers Assessment Years (AY) 2021-22 and AY 2022-23.
Updated returns can be filed using ITR-3 and ITR-4 forms.
You would file an updated return to correct any errors, omissions, or missed income disclosures in your previously filed tax returns.
The updated return facility is available on the Income Tax Department's e-filing portal.
Filing your updated return at the earliest can help you avoid incurring interest and penalties.
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