Tax return u/s 139 8a

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August undefined, 2024

WebApr 8, 2024 · Interest Payable under this Act while furnishing Return U/s-139 (8A) Less Interest Paid in Earlier Return. - As determined u/s-140B (1) & 140B (2) • Situation-2: Return u/s-139 (8A) furnished. o After expiry of 12 months from the end of relevant A.Y. o Before completion of 24 months from the end of relevant A.Y.

How to file updated return online U/S 139(8A) - YouTube

WebJun 28, 2024 · @taxgainsupport How to File Income Tax Return u/s 139(8A) for A.Y. 2024-22#ITRU #ITR #UpdateitrE-filing of Updated ITR u/s 139(8A) has been enabled for AY 20... WebMay 16, 2024 · Section 139 (8A) of IT Act: ITR-U (Updated Income Tax Return) CA Piyush Agarwal , 16 May 2024. Share. The income tax department has notified Form ITR-U for filing the 'Updated' income tax return. The government introduced the concept of updated return in income tax in the Union Budget 2024. The new provision allows the taxpayers to update … jenny young costs lawyer

Return U/s 139(8A) - Income Tax - CAclubindia

WebApr 30, 2024 · ‗12AC. Updated return of income.-(1) The return of income to be furnished by any person, eligible to file such return under the sub-section (8A) of section 139, relating to the assessment year commencing on the 1st day of April, 2024 and subsequent assessment years, shall be in the Form ITR-U and be verified in the manner indicated therein. WebApr 13, 2024 · Section 139 (8A) gives an opportunity to assessee to file their pending ITR. With the help of this section, you can file your for last year’s ITR but it has some limitations which we will discuss later. When filing of this year ITR is started then after filing current year ITR, you have track record of filing ITR of 3 years. WebFeb 5, 2024 · Additional Tax on Updated Return u/s 140B. Section 140B has been inserted to provide for the mechanism of computation of additional tax, interest, etc. required to be paid while filing the Updated Return u/s 139(8A). Following … jenny yoo ready to ship

New Form ITR-U Under Section 139(8A) for updated Income Tax Returns

Self Assessment Tax & Additional Income Tax: Updated Return u/s …

WebHow to file updated return online U/S 139(8A) Previous year ITR filing online New Income tax update 2024Updated return was introduced in Budget 2024. Las... WebDec 30, 2024 · For the AY 2024-23 (i.e., FY 2024-22), the updated return could be filed up to 31st March, 2025. Also, the updated return can be furnished only once for an assessment … pacheco wikipediaWebFeb 25, 2024 · Section 139 (8A) enables the filing of “Updated Return” (aka ITR-U) by the taxpayers. Section 139 (8A) has come into effect from 01st Apr 2024. Updated Returns … pacheco wine

"WebHow to file updated return u/s 139(8A) for AY 2024-21 & AY 2024-22 Income Tax Return Previous year ITR filing online New Income tax update 2024 Income tax return for ay … " - Tax return u/s 139 8a

Tax return u/s 139 8a

ITR U – What is ITR-U Form and How to File ITR-U - ClearTax

WebFeb 2, 2024 · The finance minister introduced Section 139 (8A) of the Income Tax Act in the Finance Bill 2024. Further, CBDT issued a notification on 29th April 2024 to notify the form … WebJul 19, 2024 · Introduction to Updated Income Tax Return- Sec 139(8A) ... any tax credit availed to be set off u/s 115JAA or section 115JD i.e is not claimed in the former return. …

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WebApr 13, 2024 · Watch It Before File Updated Income Tax Return, New ITR-U, u/s 139(8A) FY 2024-22 (AY 2024-23) WebDec 8, 2024 · Step 3: After creating a revised file, the client can update income details and select the return filed u/s 139(8A) form dropdown. Then click on ‘Form U’. Step 4: After selecting the 139(8A) option click on the ‘E-File’ button. Step 5: After clicking ‘Form-U’ select ITR type, IT form and reason from Part A Gen 139 (8A).

Web92CD -Modified return, 119(2)(b) After condonation of delay. Or Filed in response to notice u/s 139(9), 142(1), 148, 153A 153C (a2) Are you opting for new tax regime u/s 115BAC ? Yes No (b) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? WebJan 24, 2024 · Budget 2024 has introduced the new section 139(8A) in Income Tax Act, 1961. Updated Returns can be filed by the taxpayers who have not filed the return or have filed the returns u/s 139(1)- Original, 139(4)-Belated and 139(5)- Revised. The Objective of introducing this facility is to promote voluntary tax compliance and reduce litigation.

WebMay 3, 2024 · The income tax department notifies Form ITR U for filing the ‘Updated’ income tax return. ... Section 139(8A) under the Income Tax Act allows you a chance to update your ITR within two years. ... To reduce the tax credit u/s 115JB/115JC; A taxpayer could file … http://toptube.16mb.com/view/HGMsKHkC5UM/how-to-file-updated-return-u-s-139-8a-fo.html

WebApr 13, 2024 · What is Section 139 (8A)? Section 139 (8A) was introduced in the Income Tax Act in 2024 to provide clarity on the applicability of updated ITR forms. According to this …

WebApr 14, 2024 · In ITR U, there are two additional schedules, namely schedule “139(8A)” & “PartB-ATI”. In schedule 139(8A), you have to give details of your original filing and reason … jenny yoo wedding dress pricesWebJun 28, 2024 · The much-awaited updated ITR (ITR-U) is now available on the income tax department’s website. According to the Income Tax website, “E-filing of Updated ITR u/s 139(8A) has been enabled for AY 2024-21 and AY 2024-22 using Excel utility for ITR 1 and 4. Refer details in News section. jenny youtube minecraftWebApr 30, 2024 · 1. Provisions of Section 139 (8A) i.e. updated return ( ITR-U) will be applicable from AY 2024-2024. 2. ITR-U will be used for filing updated return. 3. Updated return is to be filed within twenty-four months from the end of the relevant assessment year. 4. pacheco work wear