Updated ITR U Notified by IncomeTaxIndia Now ITR U can be filed for 4 previous years
Now filing for 4 Assessment Years have been notified in the form.
Kind attention Taxpayers!
CBDT notifies ITR-U vide Notification No. 49/2025 dated 19.05.2025.
Key updates:
- Time Limit Extended to 48 months via Finance Act, 2025.
- Additional Tax Payable:
- Filing in 3rd year: Additional income tax of 60%.
- Filing in 4th year: Additional income tax of 70%.
- Section 139(8A) amended: No ITR U can be filed if notice u/s 148A (show-cause notice) issued after 36 months from the end of the relevant A.Y. However, later if 148A(3) order passed saying – not a valid case for notice u/s 148, then ITR U can be filed within 48 months from the end of relevant A.Y.
- Section 140B Amended to prescribe additional income-tax payable for the extended timelines.
- Rule 12AC Amended accordingly to reflect these changes
https://egazette.gov.in/WriteReadData/2025/263221.pdf
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.