Last Date for Filing ITR-U for FY 2021-22 (AY 2022-23) – 31 March 2026

Taxpayers still have an opportunity to correct or update their previously filed income tax returns through ITR-U before the final deadline of 31 March 2026.

What is ITR-U?

ITR-U (Updated Return) is a provision introduced under Section 139(8A) of the Income-tax Act, 1961. It allows taxpayers to:

• Rectify errors or omissions in previously filed returns
• Report additional income not disclosed earlier
• Voluntarily comply and avoid future litigation

Applicability for FY 2021-22

• Financial Year: 2021-22
• Assessment Year: 2022-23
• Last Date to File ITR-U: 31 March 2026

This is the final opportunity to update returns for this year.

Key Points to Note

• Additional tax is payable along with the updated return
• Cannot be filed in cases of loss returns or refund claims
• Helps in avoiding penalties and notices from the department

Benefits of Filing ITR-U

• Reduces chances of scrutiny
• Promotes voluntary compliance
• Ensures peace of mind for taxpayers

Legal Reference

• Section 139(8A) of the Income-tax Act, 1961
• Finance Act, 2022 (introduction of updated return provisions)
• Income-tax Rules relating to ITR-U filing

Conclusion

If you have missed reporting income or made errors in your FY 2021-22 return, this is your last chance to correct it before 31 March 2026. Timely action can save you from future complications.

For expert guidance on this topic, contact your tax professional today.