Can I File My ITR for FY 2022–23 in 2025?

Introduction

If you’re wondering whether you can still file your Income Tax Return (ITR) for the financial year 2022–23 (FY 2022–23) in 2025, the answer is yes—you can file it using the Updated Return (ITR-U).

The government has extended the deadline for filing an updated return under Budget 2025, providing taxpayers with additional time to rectify errors or include any missing details. In this article, we’ll guide you on how to file your ITR for FY 2022–23 even in 2025

ITR-U: A Second Chance to File for FY 2022–23

Missing the Income Tax Return (ITR) filing deadline used to result in severe penalties or a lost opportunity to file. However, with the introduction of the ITR-U mechanism in Budget 2022, and its recent enhancements under Budget 2025, taxpayers now have up to 4 years from the end of the assessment year to file or update their returns—under certain conditions.

What is ITR-U?

ITR-U stands for Updated Income Tax Return. Introduced under Section 139(8A) of the Income Tax Act, 1961, it allows taxpayers to file or revise their income tax returns even after the usual deadlines have passed.

Key Features of ITR-U:

Extended Filing Window: Taxpayers now have up to four years from the end of the relevant assessment year to file an updated return.
Eligibility: You can file an ITR-U if:
- You missed the original filing deadline.
- You need to correct errors or omissions in a previously filed return

Filing ITR for FY 2022–23 in 2025: Is It Allowed?

Yes, you can file your ITR for FY 2022–23 (Assessment Year 2023–24) in 2025. Here’s how:

Financial Year (FY): 2022–23
Assessment Year (AY): 2023–24
End of AY 2023–24: March 31, 2024

As per the new rules that take effect on April 1, 2025, taxpayers have up to four years from the end of the assessment year to file an updated return. Therefore, you can file your ITR-U for FY 2022–23 by March 31, 2028. This gives you ample time to correct or update your return.

Cost of Delay: Additional Tax and Penalties

While you have the opportunity to file an updated return, there is a penalty for late filing. The government imposes a graduated penalty based on how late you file:

Time Passed Since End of AY	Additional Tax on Tax + Interest
Within 12 months	25%
13–24 months	50%
25–36 months	60%
37–48 months	70%

Since you’ll be filing between April 1, 2025 and March 31, 2026 (i.e., 13–24 months after the end of AY 2023–24), your additional tax penalty will be 50% of the total tax and interest due.

Conditions You Must Know Before Filing ITR-U for FY 2022–23

Although the ITR-U gives you a second chance to file your return, it’s important to note some restrictions:

You can file an ITR-U if:
- You missed the original filing deadline.
- You filed but omitted income or made an error.
- You need to correct inaccurate information.
You cannot use ITR-U to:
- Claim a refund.
- Reduce your original tax liability.
- Increase a loss for carry-forward purposes.

The ITR-U is designed for voluntary compliance, not for tax optimization or claiming additional benefits.

Summary

Question	Answer
Can I file ITR for FY 2022–23 in 2025?	Yes, via ITR-U
Deadline to file?	March 31, 2028
Applicable Additional Tax (if filing in 2025)?	50% of tax + interest
Can I use it to get a refund or reduce tax?	No

About the Author

Muskan
Muskan is a skilled content writer who excels at simplifying complex legal and business topics into practical, easy-to-understand guidance. Her writing equips entrepreneurs with the insights they need to confidently navigate regulatory requirements and successfully launch or manage their businesses.

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