Taxes: What you need to know about the 2023 tax season
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YahooYahoo Finance Video
Taxes: What you need to know about the 2023 tax season
Yahoo Finance's Ronda Lee explains changes to this year's tax season, important filing dates, and everything you need to know about tax credits and filing 2023 returns.
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As per the latest changes, an updated return can now be filed within 4 years from the end of the relevant assessment year. Here is the timeline for filing ITR-U (Updated Income Tax Return): 🔵 For Financial Year 2020-21 (i.e. AY 2021-22): ITR-U can be filed until 31st March 2026. 🔵 For Financial Year 2021-22 (i.e. AY 2022-23): ITR-U can be filed until 31st March 2027. 🔵 For Financial Year 2022-23 (i.e. AY 2023-24): ITR-U can be filed until 31st March 2028. 🔵 For Financial Year 2023-24 (i.e. A
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