Missed Your FY25 ITR? File an Updated Return Now – Here's How

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Missed FY25 ITR? File an Updated Return and Avoid Penalties!

Missed FY25 ITR? File an Updated Return and Avoid Penalties!

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News18•15-02-2026, 22:22

Missed FY25 ITR? File an Updated Return and Avoid Penalties!

•If you missed the FY25 ITR deadline, you can still file an 'updated return' under income tax law.
•The window for filing an updated return is 48 months from the end of the relevant assessment year (March 31, 2026, for FY25).
•This option is available for those who haven't filed ITR, haven't paid tax, or under-reported income previously.
•An updated return cannot be filed to claim an Income Tax Refund; it's only for taxpayers.
•Additional tax (25% within 12 months, increasing thereafter) will be payable on top of regular tax and interest.

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