Tax department notifies ITR-U; taxpayers can file updated ITR for 4 years

The Income Tax department in New Delhi has announced ITR-U. Taxpayers can now file updated returns for four years. This is from the end of the relevant assessment year. The Finance Act, 2025, extended the filing period. Additional taxes apply based on the filing timeframe. Around 90 lakh returns were filed in the last three years.

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