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

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

The government has extended the time limit for filing an updated return in Budget 2025, giving taxpayers extra time to correct any mistakes or include missing information. In this article, we’ll explain how you can file Can I File ITR for FY 2022–23.

Click here to learn more about  Can I file ITR for Last 3 Years now?

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

Missing an ITR filing deadline used to mean either serious penalties or a complete loss of opportunity. But with the ITR-U mechanism introduced in Budget 2022 and now enhanced by Budget 2025, taxpayers have up to 4 years from the end of the assessment year to file or update their returns—with 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 for a particular assessment year, even after the usual deadlines have passed. ​

Key Features of ITR-U:

Extended Filing Window: As per the latest updates, 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 filing your original return.
• 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 are eligible. Here's a breakdown:

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

Under the new rules effective April 1, 2025, the time limit to file an Updated Return (ITR-U) is 4 years from the end of the relevant assessment year. That means:

• Deadline to file ITR-U for FY 2022–23: March 31, 2028
• So yes, in 2025, you are well within the allowed window.

Cost of Delay: How Much Extra You’ll Pay for FY 2022–23

Filing an updated return comes at a cost. The government imposes a graduated penalty, depending on how late you file:

Since you'll be filing between April 1, 2025 and March 31, 2026, that’s 13–24 months after AY 2023–24 ended, so your additional tax penalty is 50% of the total tax and interest due.

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

While the ITR-U gives you a second chance, it’s not a tool for tax optimization. There are clear restrictions:

You can file if you:

• Missed the original ITR filing deadline
• Filed but forgot to report some income
• Want to correct the inaccurate data reported earlier

You cannot file ITR-U to:

• Claim a refund
• Reduce your original tax liability
• Increase a loss for carry-forward purposes

This means the ITR-U is designed for voluntary compliance, not for gaining additional tax benefits.

Summary

Conclusion

The extension of the ITR-U filing window to 4 years from the end of the assessment year, as announced in Budget 2025, is a valuable opportunity for taxpayers to correct past mistakes or missed filings, without completely losing the chance to stay compliant.  

However, it’s important to file as early as possible within the window to minimise the additional tax burden. Filing in 2025 is better than waiting until 2027 or 2028, when the penalty will climb to 60% or 70%.

Ready to File Your ITR-U?

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Frequently Asked Questions

1. Can I file my ITR for FY 2022–23 in 2025?

Yes, you can still file your Income Tax Return (ITR) for the financial year 2022–23 in 2025 using the Updated Return (ITR-U). The government has extended the time window to file an updated return until March 31, 2028.

2. What is ITR-U?

ITR-U (Updated Income Tax Return) is a provision that allows taxpayers to file or correct their returns even after the original deadline has passed. Introduced under Section 139(8A), ITR-U gives taxpayers up to 4 years from the end of the relevant assessment year to file or update their returns.

3. What are the conditions to file an ITR-U?

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. However, you cannot use ITR-U to:
  • Claim a refund.
  • Reduce your original tax liability.
  • Increase a loss for carry-forward purposes.

4. What is the deadline to file ITR-U for FY 2022–23?

 The deadline to file an Updated Return (ITR-U) for FY 2022–23 is March 31, 2028.

5. What additional tax will I have to pay if I file ITR-U late?

The government imposes a graduated penalty depending on how late you file:

Within 12 months: 25% of tax and interest.

• 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, the penalty will be 50% of the total tax and interest due.

6. Can I use ITR-U to claim a refund?

No, ITR-U cannot be used to claim a refund. It is designed for correcting errors or omissions in previously filed returns, not for gaining additional tax benefits.

7. Why is filing ITR-U early important?

Filing your ITR-U as early as possible within the allowed window minimises the additional tax penalty. The longer you wait, the higher the penalty—filing in 2025 is better than waiting until 2027 or 2028 when the penalty can increase to 60% or 70%.

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