Income Tax Portal Update: ITR-U Filing facility for AY 2021-22 & AY 2022-23 for ITR-3 & ITR-4 now available
There is an important Income Tax Portal Update. Excel Utility for filing Updated Returns for Assessment Year 2021-22 and 2022-23 for ITR-3 & ITR-4 is now available.
ITR-1 and ITR-2 Filing Utilities were already made available on 30th July. So now all the forms are available for an individual if he wants to file ITR-U in line with Finance Act 2025.
However please note that ITR-5, ITR-6 and ITR-7 Forms are still pending.
Earlier Taxpayers could file ITR-U for rectifying mistakes of last 2 years. Finance Act 2025 extended this deadline for last 4 years.
ITR-U filing comes with payment of Additional Tax along with Income Tax and Interest. The Additional Fees is 25% of Tax and Interest for First year, and 50%, 60% and 70% for Second, Third and fourth years respectively.
