The Income Tax Department has enabled the filing of *updated ITR* (ITR-U) for ITR 2 & 3 for AY 2020-21 and AY 2021-22 on the income tax portal.
According to the Income-tax website, “*E-filing of Updated ITR u/s 139(8A) has also been enabled for ITR 2 & 3 for AY 2020-21 and AY 2021-22 using Excel utility*. Refer details in News section. Please click Downloads | Income Tax Department to access and download the same for clicking respective AY folder. Once Updated ITR is prepared, you can upload the XML/JSON by logging into Income-tax website.”
Within two years of submitting their tax returns, taxpayers can make changes as long as their taxes have been paid. The idea of an updated income tax return was initially brought up by the government in the Union Budget 2022. Earlier, ITR 1 & 4 *were made available from June 27, 2022*.
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