ITR-U: Last date to File ITR for FY 2019-20, 2020-21 and 2021-22

Last date to file ITR

Last date to file ITR (Income Tax Return) under section 139(1) for AY 2020-21, 2021-22 and 2022-23 is gone, however, still one can file Income Tax Return. The Finance Act, of 2022 has introduced a new concept of updated Income Tax Return (ITR-U), which has permitted taxpayers to file their ITRs after two years of due date of the filing, subject to payment of additional taxes.

The ITR-U is available to taxpayers for filing updated returns for FY 2019-20, FY 2020-21 and FY 2021-22 or assessment years (AY) 2020-21, 2021-22 and AY 2022-23 on the Income Tax e-filing Portal. ITR-U is filed in similar manner like normal ITRs.

Additional income-tax means income tax including surcharge and cess. The additional income-tax payable while filing Updated ITR will be:

  • If return filed within 12 months  – 25% of aggregate of tax and interest payable
  • If return filed after 12 month but before 24 months – 50% of aggregate of tax and interest payable

AYLate Fee when Total Income is Upto Rs 5 LakhLate Fee when Total Income is more than Rs 5 LakhLast Date with additional 25% penaltyLast Date with additional 50% penalty
AY 2020-21
(FY 2019-20)
Rs 1,000Rs 10,00031/03/2022 31/03/2023
AY 2021-22
(FY 2020-21)
Rs 1,000Rs 5,00031/03/202331/03/2024
AY 2022-23
(FY 2021-22)
Rs 1,000Rs 5,00031/03/202431/03/2025

Who cannot file ITR-U ?

You cannot file updated ITR under this section if-

  1. Your updated ITR :
    • is a return of a loss
    • has the effect of decreasing the total tax liability determined, that would not have been if the original return furnished
    • will results in refund or increases the refund, that would not have been if the original return would have furnished
  2. For the last 2AY and current AY, if you are under:
    • income tax search as per section 132 or where books of account or documents or assets are requisitioned u/s 132A
    • tax survey as per section 133A, (except survey for verifying the compliance of TDS / TCS provisions)
    • notice as per section 132 or section 132A in the case of any other person regarding money, bullion, jewellery or valuable article or books of account or documents
  3. Where you have :
    • filed updated ITR for a AY, you cannot file again for the same AY under this sub-section
    • proceeding for assessment or reassessment or recomputation or revision of income is pending or completed for that AY
    • Before filing ITR under this sub section, AO has communicated the information in respect of you, he has in his possession under :
    • the Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 or
    • the Prohibition of Benami Property Transactions Act, 1988 or
    • the Prevention of Money-laundering Act, 2002 or
    • the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015
    • Before filing ITR, information of DTAA agreement u/s 90 or 90A is communicated to you
    • Before filing ITR, any prosecution proceedings under the Chapter XXII have been initiated
  4. any other notified person

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