/ Income Tax · ITR-U · Updated 2026-10-25

ITR-U Updated Return: 48-Month Window and Additional Tax, disclose missed income before the department finds it.

An updated return (ITR-U) under Section 139(8A) lets you report income you left out, even after the belated and revised deadlines have passed. Finance Act 2025 extended the window from 24 to 48 months from the end of the relevant assessment year. You pay the tax, interest and an additional tax of 25% to 70% of that amount, depending on how late you are.

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Written by CA Durgesh Chavda

Chartered Accountant (ICAI) · Founder, Bharat Quantum Prospera · US incorporation, India-US DTAA, FEMA ODI, NRI taxation, cross-border structuring · LinkedIn

/ Additional tax by delay

The cost rises each year.

Filed within 12 months of the end of the assessment year: 25% of tax plus interest.
12 to 24 months: 50%.
24 to 36 months: 60%.
36 to 48 months: 70%.
This is still well below the 50% to 200% penalty under Section 270A if the department detects the income first.

/ When ITR-U is not allowed

Hard restrictions.

To report a loss, reduce tax, or increase a refund.
If a search or survey has been initiated, or assessment or reassessment is pending or completed for that year.
If the department already has information under specified laws and has communicated it to you.
More than once for the same assessment year.

/ Who should consider it now

Common cases.

Interest, dividends or capital gains visible in AIS but missing from the filed return.
Foreign income or assets that were not reported, before the department's exchange-of-information data reaches you.
NRIs who became resident and did not report worldwide income in the first resident year.
Anyone who expects a Section 148A notice on an older year and wants to disclose first.

Last updated: 25 October 2026. Statutory dates can be extended by MCA or CBDT notification; check the latest circular before relying on a date.

/ Ready when you are

Income you forgot to report?

Disclose through ITR-U before a notice arrives. Email durgesh@bharatquantumprospera.com or WhatsApp +91 78018 87130 with your CIN/PAN and the notice or deadline you are facing. You get a fixed-scope quote within 48 hours.

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FAQ

Common questions, answered.

How long do I have to file ITR-U?

Up to 48 months from the end of the relevant assessment year, after Finance Act 2025 extended it from 24 months.

How much additional tax does ITR-U carry?

25% within 12 months, 50% within 24, 60% within 36 and 70% within 48 months, calculated on the tax and interest due.

Can I claim a refund through ITR-U?

No. ITR-U can only increase your tax liability; it cannot report a loss, reduce tax or increase a refund.

Can I file ITR-U after receiving a notice?

Not if assessment or reassessment is pending or the department has already shared information with you for that year. Respond to the notice instead.

Does BQP prepare ITR-U filings?

Yes, including foreign income and asset disclosures. Email durgesh@bharatquantumprospera.com or WhatsApp +91 78018 87130 with your CIN/PAN and the notice or deadline you are facing. You get a fixed-scope quote within 48 hours.