Can I File ITR for Last 2 Years Now?

The Income Tax Updated Return form, often known as the ITR-U form, has been made available by the Central Board of Direct Taxes (CBDT). Coming to your query, can we file last 2 years ITR, as per the new rule? As I mentioned earlier, the answer is yes. The ITR-U form allows taxpayers to file or revise their income tax returns for up to 4 years from the end of the relevant assessment year.

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How can I Get ITR for Last 2 Years?

You can get it at

. This provision is particularly beneficial for those who missed filing their returns or need to correct errors in previously filed returns.

However, you cannot use ITR-U to:

1. Claim a refund.

2. Reduce your original tax liability.

3. Increase a loss for carry-forward purposes.

Here are the basic steps to get the ITR.

1. Log in to the Income Tax e-filing portal.

2. Select the appropriate ITR form (ITR-1 to ITR-7) based on your income sources. 

3. Choose the option to file an Updated Return (ITR-U). Provide the necessary details, including the reason for updating the return.

4. Calculate and pay the additional tax, interest, and penalty as applicable. 

5. Submit and verify the return using Aadhaar OTP, EVC, or DSC.

I hope you understood how can I file ITR for last 2 years.

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How to File Belated Income Tax Return?

A crucial component of handling your tax responsibilities is filing your Income Tax Return (ITR), therefore it's critical to keep up with the most recent regulations and deadlines. One of my friends recently asked me, can I file ITR for last 2 years now? I informed him, yes, you can file your Income Tax Return for the last two years. This is only applicable if you meet certain conditions.

Can We File ITR for Last 2 Years?

Yes. The Indian tax system allows taxpayers to file returns for previous assessment years, subject to the timelines specified by the Income Tax Department. Typically, the due date for filing ITR is 31st July of the assessment year. It is for individuals who do not require audit or special scrutiny. However, this can be extended by the government.

If you missed the original deadline, you can still file the return up to 3 years from the end of the assessment year. Like, for the 2022-23 assessment year, the last date would be 31st December 2025.

Filing a return after the deadline may attract:

1. Interest under Section 234A, charged at 1% per month of the due tax amount.

2. A penalty of up to ₹5,000 under Section 234F if the return is filed after the due date.

I hope this resolves your query, can we file last 2 years ITR.

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How to Download Income Tax Return for Last 3 Years

Confused with can I File ITR for last 2 years now? Yes, you can file Income Tax Returns (ITR) for the last two financial years in India if you have missed filing them earlier. The Income Tax Act allows taxpayers to file belated returns within a certain time frame after the end of the relevant financial year.

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Can We File Last 2 Years ITR?

Here are some key points to consider:

• As per current regulations, taxpayers have up to two years from the end of the relevant financial year to file a belated return. For example, for the financial year 2020-2021 (April 2020 to March 2021), you have until March 31, 2023, to file a belated return.

• Filing a belated return may attract penalties and interest charges. The penalty amount depends on various factors such as the amount of tax payable, the duration of delay, and other circumstances.

• It's advisable to consult with a tax advisor to understand the applicable penalties and consequences of late filing.

• If you have already filed your returns for the last two years but need to make corrections or update information, you can file a revised return within the prescribed time limit. However, the option to file a revised return is available only if the original return was filed within the due date.

• While filing belated returns, ensure that you disclose all your income, deductions, and other relevant details accurately to avoid any discrepancies or penalties.

You can file your ITR online through the Income Tax Department's e-filing portal (

) using your PAN (Permanent Account Number) and registered account.

If you are unsure about the process of filing belated returns or need assistance with tax calculations, deductions, or compliance, it's recommended to seek guidance from a qualified tax advisor or chartered accountant. I hope you get an idea of how can we file ITR for last 2 years.

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