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 : Understand the concept of Updated Return under the Income-tax Act, its necessity, tax implications, and filing process. Get insigh...
Income Tax : Learn how to file an Updated Return (ITR-U) for previous 3 years' taxes. Find out who can file, the procedure, time limits, penalt...
Income Tax : Discover the benefits of ESI registration in Gurgaon for businesses, offering health security for employees, legal compliance, and...
Income Tax : Learn about updated income tax returns, including eligibility, rules, and the filing process. Discover when you can file, which fo...
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...
Missed the ITR deadline No worries! Learn how to file your Income Tax Return for the last three years using ITR U form. Follow step-by-step instructions, gather documents, and avoid penalties.
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 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.
Taxpayers filing an Updated Return (ITR-U) u/s 139(8A) get a chance to disclose additional income & pay additional taxes. Know the eligibility criteria!
Learn about the updated return process under section 139(8A) of the Income Tax Act. File or update your ITR within two years for improved tax compliance.
Filing ITR-U Return in India: Discover the benefits, process, and additional income tax payable. Learn about the updated return facility introduced in Union Budget 2022 under Section 139(8A) for taxpayers who missed the ITR due date. Understand the conditions, benefits, and calculation of additional tax payable. Stay informed and compliant with the tax laws.
Article explains What is Updated Return, Who can file Updated Return, Time Limit to file Updated Return, Manner of Computation of Tax in case of Updated Return and contains Comprehensive chart related to Updated Return from AY 2020-21 to 2022-23.
Learn how the Updated Return under Income Tax Act, 1961 Section 139(8A) is helping taxpayers promote voluntary tax compliance and reduce litigation.
Update your Income Tax Return (ITR) easily with the new Rule 12AC of the Income Tax Act. Learn how to fill and verify your ITR-U form.
