Income Tax, Oct. 22 -- Did you miss out on something when filing the income tax return (ITR) for AY 2025-26? If that is the case, you can file an updated return.

For those who are not aware, an updated income tax return can be filed up to 48 months after the end of the financial year. This means that for AY 2025-26, one could file an updated return until 31 March 2030.

An updated return is an income tax return (ITR) that permits income taxpayers to file their tax returns with an extended time period. It is meant to encourage voluntary tax compliance.

Anyone can file an updated return, barring a few circumstances, regardless of whether they have previously filed an original, belated, or revised return for the relevant assessment year. ...