ITR-U Window Stretched to 48 Months: New Penalty Ladder and When Voluntary Correction Still Makes Sense
Finance Act 2025 extends the Section 139(8A) ITR-U filing window from 24 to 48 months, effective 1 April 2025, with a revised CBDT form. The Section 140B additional-tax ladder now runs 25/50/60/70% across four buckets; provisos and the bar on refund/loss claims are unchanged.
CA Karan Malhotra
@ca_karan
CA
CA | Audit & Assurance | Bank Audits & Statutory Audits | Chandigarh | 9 years. Passionate about clean financial reporting.