Over 90 Lakh Updated Tax Returns Fled, ₹ 9,118 Crore Additional Taxes mobilised
In Ay 2023-24, over 29.79 lakh itr-as was filed and ₹ 2,947 Crore Additional Taxes Paid. , Photo Credit: Getty Images/ISTock Photo
Over 90 Lakh Updated Income Tax Returns have been filled over
To encourage Voluntary Compliance, The Government in 2022 Had Introduced The option for Taxpayers to File Updated It Returns (ITR -U) up to 2 years from the relevant assistant Income-tax.
Through Finance Bill, 2025, the government has proposed to extend the time limit for filing updated returns to up to 4 years from the relevant assessment year.
In the current assessment year (2024-25) Till February 28, 4.64 Lakh Updated ITRS Have Been Filed and Taxes of ₹ 431.20 Crore Paid, Minister of State for Finance for Finance Pankaj Chaudhary Said in A Written Reply in the Lok Sabha.
In Ay 2023-24, over 29.79 lakh itr-as was filed and ₹ 2,947 Crore Additional Taxes Paid.
In Ay 2022-23 and Ay 2021-22, 40.07 Lakh and 17.24 Lakh Updated ITRS WRED and Additional ₹ 3,940 Crore and ₹ 1,799.76 Crore Taxes Were Paid.
Cumulatively, Between Ay 2021-22 to Ay 2024-25, over 91.76 lakh itr-and was filled which fetched additional taxes of ₹ 9,118 Crore to the government.
Published – March 24, 2025 03:47 pm IST
