The Indian government has introduced major changes in Income Tax Return (ITR) filing rules for 2025, offering relief to taxpayers who missed filing their returns or made errors. Here’s what you need to know:
🔹 Key Changes in ITR Filing Rules (2025)
✅ Extended Deadline for Updated Returns (ITR-U)
- The deadline for Income Tax Updated Returns (ITR-U) has been increased from 2 years to 4 years.
- This allows taxpayers to correct mistakes or declare missed income for up to 4 years.
- Important: Refunds cannot be claimed through ITR-U.
✅ New ITR Deadlines for FY 2024-25 (AY 2025-26)
- Original ITR Filing: July 31, 2025
- Revised ITR (for corrections): December 31, 2025
- Belated ITR (if missed July 31 deadline): December 31, 2025
✅ Updated Return Filing (ITR-U) Deadlines & Additional Tax
| Filing Timeframe | Additional Tax Payable |
|---|---|
| Within 12 months from AY end | 25% of tax + interest |
| Within 24 months from AY end | 50% of tax + interest |
| Within 36 months from AY end | 60% of tax + interest |
| Within 48 months from AY end | 70% of tax + interest |
📌 How to File Updated Return (ITR-U)?
1️⃣ Download ITR-U Form from the official Income Tax website.
2️⃣ Log in to the Income Tax e-filing portal.
3️⃣ Select "Updated Return (ITR-U)" option.
4️⃣ Enter details (missed income, additional tax).
5️⃣ Calculate & pay additional tax before submitting.
6️⃣ Verify return via Aadhaar OTP, net banking, or DSC.
📢 Key Takeaways for Taxpayers
✔️ More time to correct mistakes or file missed returns.
✔️ Higher penalty for delayed filing (up to 70% additional tax).
✔️ No refunds allowed in updated returns (ITR-U).
✔️ File your returns on time to avoid penalties!
💰 Tip: File before July 31, 2025, to avoid extra charges! Share this update with others. 📢💡
