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...
Article explains Provisions of Section 139(8A) of Income Tax Act, 1961 related to Updated Income Tax Return Applicability of sub-section 8(A) of Section 139, When sub-section 8(A) of Section 139 shall not apply, Time limit for Filing of Updated Income Tax Return and Payment of Additional Tax under section 140B related to Updated Return. 1. […]
1) Before analysing the newly inserted sub-section (8A) to Section 139 for filing of updated return, brief overlook of the existing provisions of U/S. 139 of filing of Return.
Introduction Hon’ble Finance Minister Nirmala Sitharaman has presented her fourth Budget on 01 Feb 2022. The budget proposes a new new set of return concepts known as “Updated Return.” There have been three versions so far: -Original Return, -Revised Return, and -Belated Return, Finance Bill 2022 has introduced new concept of “Updated Return.” Budget proposes […]
