Home > Income Tax > Service Plans > Updated Return u/s 139(8A) Filing Service Plan Last Updated: Apr 15th 2023
The documents / information listed below are based the sources of income you have for a specific FY. Some of them are optional.
EZTax.in is an authorised ERI Type-2 integrated with IT Department, hence not all information required that you used to share with a typical tax consultant.
Every Service comes with the benefits such as
A comprehensive list of frequently asked questions.
Budget 2022 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.
All persons (Individual, HUF, Firms/LLP, Companies, AOP, BOI etc) are eligible to file Updated returns u/s 139(8A). But the taxpayers needs to meet the following criteria to file the updated returns.
The time limit for filing updated returns is 2 years from the end of such relevant assessment year.
No, you cannot file updated return if you have the refund. Updated return can be filed by only those persons who have tax liability.
Updated return can be filed only once and it is not possible to revise updated return.