ITR-U Rules 2025: Filing Deadline Extended To 48 Months — Key Updates Inside

New Delhi: The Income Tax Department has presented a brand new model of the Income Tax Updated Return shape, known as ITR-U. This up to date shape, efficient from April 1, 2025, displays adjustments introduced in Budget 2025. One of the important thing highlights is that taxpayers now get extra time as much as 48 months to record up to date returns, a vital extension from the sooner 24-month restrict.

You can now record up to date ITRs for the overview years 2021–22 to 2024–25. The ITR-U shape permits you to repair errors or upload lacking data to your previous tax returns. If you overlooked submitting your ITR in any of the ones years, ITR-U provides you with an opportunity to set issues proper and fulfil your tax tasks.

Here are the important thing updates within the new ITR-U shape:

– More Time to File: You now have as much as 48 months (4 years) to record your up to date go back, due to adjustments within the Finance Act, 2025.

– Extra Tax for Late Filing: Filing within the third 12 months approach paying an extra 60% source of revenue tax.

– Filing within the 4th 12 months approach paying an additional 70%.

– New Rule on Notices: You can’t record ITR-U if a show-cause realize below Section 148A is issued after 36 months from the tip of the related overview 12 months. But if that realize is later discovered invalid, you’ll be able to nonetheless record inside of 48 months.

– Tax Amendments: Section 140B now obviously states the additional tax you’ll pay if you happen to record past due.

– Rule Updates: Rule 12AC has been up to date to compare those adjustments.

ITR Filing Season 2025

The Income Tax Department has launched all seven source of revenue tax go back (ITR) paperwork for the overview 12 months 2025-26. While submitting isn’t open but, it’s a great time to determine which shape applies to you. Most person taxpayers will wish to record their returns via July 31, 2025. However, cut-off dates would possibly range for different classes like firms or those that want audits.