CBDT Notifies ITR-U for Filing Updated Income Tax Returns | Notification No. 49/2025 Dated 19.05.2025
🆕 CBDT Notifies ITR-U for Filing Updated Income Tax Returns | Notification No. 49/2025 Dated 19.05.2025
The Central Board of Direct Taxes (CBDT) has issued Notification No. 49/2025 dated 19th May 2025, formally notifying the updated Income Tax Return Form ITR-U for the Assessment Year 2023–24 and beyond.
This move is part of the ongoing efforts to give taxpayers a second chance to voluntarily update their income tax returns and ensure better compliance under Section 139(8A) of the Income Tax Act, 1961.
📝 What is ITR-U?
ITR-U stands for "Updated Return", a form introduced to allow taxpayers to revise or update their previous ITRs within 24 months from the end of the relevant assessment year.
It is applicable for taxpayers who:
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Missed filing their ITR,
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Underreported income, or
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Made errors or omissions in their original return.
📜 Key Highlights of Notification No. 49/2025
🔹 Issued by: Central Board of Direct Taxes
🔹 Notification No.: 49/2025
🔹 Date: 19th May 2025
🔹 Subject: New format and guidelines for filing Updated Return (ITR-U)
🔹 Effective for: AY 2023–24 onwards
🔹 Filing window: Within 24 months from the end of the relevant assessment year
🧾 When Can ITR-U Be Filed?
A taxpayer can file ITR-U:
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Within 12 months from the end of the relevant AY with 25% additional tax on tax + interest
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Within 12–24 months, with 50% additional tax on tax + interest
🚫 Cases Where ITR-U Cannot Be Filed:
You cannot file ITR-U if the return is being filed for:
❌ Reducing income declared earlier
❌ Claiming increased refunds
❌ Claiming additional loss or unabsorbed depreciation
❌ In response to a notice under 143(2), 148, 153A, or 153C
📂 Documents Required for ITR-U Filing:
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PAN
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Aadhaar (linked with PAN)
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Details of earlier ITR (if any)
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Updated income details
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Calculation of additional tax, interest & late fee
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Challan for payment made under Form 521
✅ How to File ITR-U?
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Log in to the Income Tax e-Filing Portal
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Select "File Income Tax Return"
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Choose the relevant Assessment Year and select ITR-U
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Fill in the updated details
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Pay tax via Challan No./ITNS 521
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Verify the return using Aadhaar OTP / DSC / EVC
📌 Conclusion:
The notification of ITR-U via CBDT Notification No. 49/2025 is a proactive step toward voluntary tax compliance. It allows taxpayers to rectify genuine errors without facing scrutiny or penalties under stricter provisions.
➡️ Taxpayers are advised to consult their tax advisors to check their eligibility and file ITR-U before the 24-month window expires.
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📬 Got questions about ITR-U filing? Drop them in the comments below!
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