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The Income Tax Department notifies ITR forms every year with key updates. For the assessment year 2025-26 (AY26), all forms have been released and changes have been announced. In the latest notification dated May 19, 2025, the IT department released ITR-U, which is used by taxpayers to update their previously filed income tax returns (ITR).
The time limit to file ITR-U has been extended to 48 months. Additional tax payable after filing in the third year (after 24 months) is 60%, while in the fourth year (after 36 months), a 70% additional tax would be applicable, according to the Amendment to Section 140B.
According to the Amendment to Section 139(8A), ITR-U cannot be filed if a notice under Section 148A (show-cause notice) is issued after 36 months from the end of the relevant assessment year. However, if the order under Section 148A(3) later says that the case under Section 148 is not valid, ITR-U can still be filed within 48 months from the end of the relevant AY.
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