CBDT updates ITR-U Form wef 19th May 2025
                     CBDT updates ITR-U Form wef 19th May 2025
Central Board of Direct Taxes (CBDT) has issued Notification No. 49/2025 dated 19th 
May 2025, introducing significant updates to the ITR-U (Updated Income Tax 
Return). Under the amended rules, the time limit for filing ITR-U has been 
extended to 48 months from the end of the relevant assessment year, as per the 
Finance Act, 2025. Additional tax applies for delayed filings: 60% for submissions in 
the third year and 70% in the fourth year. Amendments to Section 139(8A) restrict 
the filing of ITR-U if a notice under Section 148A is issued after 36 months. 
However, if subsequent orders under Section 148A(3) determine no valid case for 
such notice, taxpayers may file ITR-U within the extended 48-month window. 
Section 140B has also been revised to reflect the additional tax liabilities for filings 
within the extended timeline. Corresponding changes have been made to Rule 
12AC, updating the ITR-U format in the Income-tax Rules, 1962.
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Key updates to ITR-U vide CBDT Notification No. 49/2025 dated 19.05.2025. Time Limit 
Extended to 48 months via Finance Act, 2025. Additional Tax Payable: Filing in 3rd 
year: Additional income tax of 60%. Filing in 4th year: Additional income tax of 
70%. Section 139(8A) amended: No ITR U can be filed if notice u/s 148A (show-
cause notice) issued after 36 months from the end of the relevant A.Y. However, 
later if 148A(3) order passed saying – not a valid case for notice u/s 148, then ITR U 
can be filed within 48 months from the end of relevant A.Y. Section 140B Amended 
to prescribe additional income-tax payable for the extended timelines. Rule 12AC 
Amended accordingly to reflect these changes MINISTRY OF FINANCE (Department 
of Revenue) (CENTRAL BOARD OF DIRECT TAXES)
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Notification No. 49/2025-Income Tax | Dated: 19th May, 2025 G.S.R. 322(E).—In exercise of the powers 
conferred by sub-section (8A) of section 139 read with section 295 of the Income-tax Act, 1961 (43 of 
1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax 
Rules, 1962, namely:- 1. Short title and commencement. — (1) These rules may be called the Income-tax 
(Nineteenth Amendment) Rules, 2025. (2) They shall come into force on the date of their publication in the 
Official Gazette.
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Income Tax Notifications ,Income Tax Return, ITR ITR-U