ITR Filling: The deadline for filing Income Tax Return (ITR) for the financial year 2021-22 was July 31, 2022. For those who missed the due date, December 31 was the last date for filing belated returns. There was also a deadline for taxpayers to file Revised ITR after rectifying the errors (if any) made in the original return.
Income Tax Return: The date of filing income tax for the financial year 2022-23 is getting closer. From April 1, 2023 itself, the process of filing income tax for the financial year 2022-23 will begin. However, in the meantime, people should take great care of one important thing. Through this you can fill your old income tax return. Let’s know about it…
Income Tax Return
The deadline for filing Income Tax Return (ITR) for the financial year 2021-22 was July 31, 2022. For those who missed the due date, December 31 was the last date for filing belated returns. There was also a deadline for taxpayers to file Revised ITR after rectifying the errors (if any) made in the original return.
Income Tax
However, there is another chance for those who have not yet been able to file their old ITR. ITR-U was introduced by the Central Government in Budget 2022 and is available for 2 years from the end of the Assessment Year (AY). In such a situation, people can also file their old ITR.
What is ITR-U?
With ITR-U a taxpayer can report any income which he could not declare in the previous return. This option is also available to all those who have not filed timely, belated or revised ITR. Also, if ITR has not been closed in any financial year, then this facility can be used there also.
ITR-U
The last date for ITR-U for assessment year 2020-21 is March 31, 2023 and for assessment year 2021-22 is March 31, 2024. For assessment year 2022-23, it is 31 March 2025. In such a situation, the last date of ITR-U for 2020-21 is coming closer on March 31, 2023.
