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Updated return filing via ITR-1 & ITR-2 now live on Income Tax portal for AY22 & AY23: What taxpayers should know

The Income Tax Department has now enabled utilities for filing updated income tax returns (ITR-U) in ITR-1 and ITR-2 for the assessment years (AY) 2021-22 and 2022-23 as per Finance Act, 2025. Union ...

Updated return filing conditions relaxed: Two new conditions when you can file ITR

Budget 2026 proposals will allow taxpayers to file updated returns to reduce claimed losses, provided specific conditions are met. This amendment, effective April 1, 2026, aims to enhance voluntary ...