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# taxcorrections

1 posts in `taxcorrections` tag

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Income tax

Unlock Past Tax Corrections: Excel Utilities for Updated ITR-1 & ITR-2 (AY 2021-22 & 2022-23) Now Live!

The Income Tax Department has launched Excel utilities for filing Updated Returns (ITR-U) for Assessment Years 2021-22 and 2022-23, extending the filing window to 48 months as per the Finance Act, 2025. This blog details who can file ITR-U using ITR-1 and ITR-2, explains the new deadlines, outlines the penalty structure, and provides a step-by-step guide on using the Excel utilities to declare additional income and ensure tax compliance.