The Income Tax Act provision allows the tax payers to update or file their Income tax returns on payment of additional tax. It is issued in the object of providing an opportunity for voluntary compliance by tax payers who have missed filing their Income tax return for the FY 2021-22 (Assessment Year 2022-23).
The tax payers who have NOT filed their Income tax return for the Financial Year 2021-22 (Assessment Year 2022-23), can now file an Updated return in FORM ITR-U on or before 31.3.2025.


