ITR-U now online via ITR-1 & ITR-2: E-filing enabled for AY22 & AY23- what you need to know for filing updated income tax returns
Wednesday, 30 July 2025 The Income Tax Department has facilitated ITR-U filings for AY 2021-22 and 2022-23, extending the correction window to 48 months as per the Finance Act, 2025. Taxpayers can now rectify errors by paying additional taxes, with penalties varying based on the filing timeline. However, certain restrictions apply, including limitations on nil returns and cases involving ongoing legal proceedings.
TurboTax users may inadvertently sacrifice their privacy when filing tax returns. MoneyTalksNews warns that agreeing to privacy prompts in TurboTax can allow the service to use income and financial..
The income tax department extended the ITR filing deadline for FY2024-25 to September 15, 2025. However, this deadline is not same for every taxpayer. Check... DNA Also reported by •Zee News •IndiaTimes
ITR filing FY 2024-25: The Income Tax Department has released excel utilities for ITR-2 and ITR-3, enabling taxpayers with capital gains and crypto income to... IndiaTimes Also reported by •Zee News
The Lok Sabha Select Committee recommended limiting deduction disallowance for late income tax returns to only Heading C of Chapter VIII, as per existing law. Zee News
Wednesday, 30 July 2025
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