Income Tax : The Finance Bill, 2025 extends the time limit for filing updated returns to 48 months, with varying additional taxes based on fili...
Income Tax : The Finance Bill 2025 extends the time limit for filing updated ITR from 24 to 48 months, with revised additional tax rates based ...
Income Tax : Understand Section 139 of the Income Tax Act, its implications on return filing due dates, and the changes for FY 2023-24. Learn a...
Income Tax : Section 139(8A) of the Income Tax Act allows filing an updated return within 24 months from the end of the relevant assessment yea...
Income Tax : Learn about Section 139(8A) effective from April 1, 2022, its impact on tax filing, rules, and when to file updated returns. Get i...
Income Tax : Learn about updated returns under Section 139(8A) of the Income Tax Act, including eligibility criteria, restrictions, and conditi...
Income Tax : Learn how to file updated returns under Section 139(8A) of the Income Tax Act within 24 months from the assessment year end. Know ...
Income Tax : Department urges taxpayers, to view their AIS through e-filing portal and file updated ITRs (ITR-U), wherever necessary. Eligible ...
Income Tax : Explore the challenges faced by Karnataka State Chartered Accountants Association (R) in processing updated returns under Section ...
Income Tax : CBDT Notifies vide Notification No. 48/2022-Income Tax Dated- 29.04.2022 Form and Manner for filing updated Income Tax return. Upd...
Explore the challenges faced by Karnataka State Chartered Accountants Association (R) in processing updated returns under Section 139(8A) and proposed solutions for efficient tax administration.
Explore the significance of ITR-U (Updated Return) in rectifying income tax return errors. Learn who is eligible, scenarios for filing, late fees, and more.
Discover ITR-U, the tool allowing taxpayers to rectify errors in income tax returns up to two years after the assessment year. Learn eligibility, filing steps, and deadlines.
Learn about updated income tax returns, including eligibility, rules, and the filing process. Discover when you can file, which forms to use, and important deadlines.
Explore the provisions of updated return under Section 139(8A) of the Income Tax Act, including eligibility, conditions, and scenarios where it can be filed. Understand the implications for reducing total tax liability, increasing refunds, and carrying forward losses. Get insights into the circumstances in which an updated return cannot be furnished, ensuring compliance with income tax regulations. Explore the provisions of updated return under Section 139(8A) of the Income Tax Act, including eligibility, conditions, and scenarios where it can be filed. Understand the implications for reducing total tax liability, increasing refunds, and carrying forward losses. Get insights into the circumstances in which an updated return cannot be furnished, ensuring compliance with income tax regulations. Explore the provisions of updated return under Section 139(8A) of the Income Tax Act, including eligibility, conditions, and scenarios where it can be filed. Understand the implications for reducing total tax liability, increasing refunds, and carrying forward losses. Get insights into the circumstances in which an updated return cannot be furnished, ensuring compliance with income tax regulations.
Unlock the secrets of filing Income Tax Returns for the last 3 years. Understand Section 139 of the Income Tax Act, 1961. Explore the opportunity provided by Section 139 (8A) to file pending ITRs. Know the limitations and exclusions. Get answers to FAQs about filing updated tax returns. Stay informed to avoid penalties and financial consequences. Source: Income Tax Act, 1961.
Section 139(8A) was introduced by Finance Act 2022 and was applicable from 1.4.2022. If we remember in past a belated return u/s Section 139(4) could be filed within one year from the end of assessment year or completion of assessment whichever is earlier. This position was there till Assessment Year 2016-17.
Discover the one-time opportunity to submit your Income Tax Return (ITR) for FY 2019-20 & FY 2020-21 now. Learn about the ITR-U form and updated deadlines.
Discover how to resolve JSON saved in path not found error when generating a JSON file from an Excel-based utility for filing an ITR-U using Form 139(8A). Learn more.
Interest payable under section 234B shall be computed on an amount equal to the assessed tax as reduced by the amount of advance tax, the credit for which has been claimed in the earlier return, if any.
