Income Tax (Nineteenth Amendment) Rules, 2025
Notification/Circular No.: 49/2025 dated May 19, 2025
Applicable Act/Rule: Income-Tax Act, 1961; Income-Tax Rules, 1962
Applicable Section/Rule: Rule 12AC / Appendix II (Form ITR-U)
Effective Date: May 19, 2025
ITR U, or Updated Income Tax Return, is a form available to all taxpayers in India to revise previously filed tax returns within four years from the end of the Assessment Year.
Filing updated return attracts additional tax-
Upto 12 months – 25%
12-24 months – 50%
24-36 months – 60%
36-48 months – 70%
The said Form ITR-U has been substituted with effect from May 19, 2025 with new form attached in Appendix II of the Income-tax Rules, 1962
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