Can We File ITR for AY 2022–23 Now?
Can We File ITR for AY 2022–23 Now?
Filing Options Explained for Financial Year 2021–22
If you missed filing your Income Tax Return (ITR) for Assessment Year (AY) 2022–23 (relating to Financial Year 2021–22), you may be wondering:
"Can I still file my ITR for AY 2022–23 now?"
Let’s explain the current situation, options available, and the consequences in simple language.
✅ Normal Deadlines to File ITR for AY 2022–23
- Original Due Date for Individuals: 31st July 2022
- Due Date for Belated Return: 31st December 2022
If you missed both of these deadlines, you cannot file a regular or belated return anymore.
❌ Regular or Belated Filing for AY 2022–23 is NOT Allowed Now
The window to file:
- Original Return (by 31st July 2022), and
- Belated Return (by 31st December 2022)
has already closed.
You cannot file a standard ITR now for AY 2022–23 using regular online filing options.
✅ But There's Still a Solution: Filing an Updated Return (ITR-U)
The Finance Act, 2022, introduced a special facility called the Updated Return.
Under Section 139(8A) of the Income Tax Act, you can file an ITR-U if you missed filing your return earlier or discovered some income that was not reported.
🔹 What is an Updated Return (ITR-U)?
- You can file an Updated Return within 2 years from the end of the relevant Assessment Year.
- For AY 2022–23, you can file ITR-U until 31st March 2025.
- It is meant to declare any omitted income and pay additional taxes.
🔹 Conditions for Filing Updated Return for AY 2022–23
✅ Allowed If:
- You missed filing your return.
- You need to add income that was missed earlier.
❌ Not Allowed If:
- You want to decrease your tax liability.
- You want to claim a higher refund.
- Your case is under scrutiny or assessment by the Income Tax Department.
🧮 Additional Penalty for Updated Return
When filing ITR-U for AY 2022–23:
- 25% additional tax on total tax and interest is payable if you file within 12 months from the end of AY 2022–23.
- 50% additional tax if you file between 12–24 months.
Since we are now in 2025, the 50% additional tax penalty will apply for AY 2022–23 filings.
This extra tax is in addition to the original tax liability and late payment interest.
✅ Step-by-Step: How to File ITR-U for AY 2022–23
- Log in to the Income Tax e-Filing Portal.
- Select 'File Income Tax Return' > Choose 'Updated Return (ITR-U)'.
- Choose AY 2022–23.
- Mention reasons for updating the return (e.g., missed income).
- Calculate additional tax and pay it before submission.
- E-verify your return using Aadhaar OTP, net banking, or DSC.
📌 Important Documents Required
- PAN and Aadhaar
- Details of income (Form 16, bank statements, AIS/TIS reports)
- TDS details (Form 26AS)
- Self-calculated tax payment challans (Challan 280)
✅ Final Words
"Yes, you can still file your ITR for AY 2022–23 using an Updated Return (ITR-U) before 31st March 2025, but be ready to pay additional taxes and penalties."
If you missed your chance earlier, it’s better to act now and file through ITR-U rather than risking penalties, interest, or notices later.
