Income Tax

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• Jan 07, 2023
  
  
• If you are one of those individuals who missed the last date of December 31, 2022, to file a belated or revised income tax return for FY 2021-22 (AY 2022-23), fret not. There is still a chance for you to file the ITR.
  
  Budget 2022 has introduced the option to file an updated ITR (ITR-U) for those individuals who have missed the chance to file a tax return for a financial year.
  
  Before this, an individual could file income tax returns of three types: original (filed on or before the due date), belated (filed on or before December 31) or revised (submitted after the original is filed but on or before December 31).
  
  But taxpayers cannot file an updated ITR or an ITR-U before the assessment year comes to an end — March 31, 2023, in this case.
  

Go!