Income tax return u/s 139 8a for a.y. 2022-23
WebFeb 26, 2024 · Updated Return u/s 139 (8A) – A Comprehensive Snapshot of the New Type of ReturnBiggest Amendment in Budget 2024 The Union Budget 2024, presented by the Hon’ble Finance Minister, explored many important changes in the Income Tax Law but the biggest amendment was the introduction of a new type of return of income. Your total income tax liability would be as under: Total Income Tax Liability = Tax Payable + Interest +Late-filing fees + Additional Tax Net Tax Liability = Total Income Tax Liability (as above) – TDS/TCS/Advance Tax/Tax Relief Try the fastest Tax Filing Software for ITR-U. You can file ITR U on the fastest Tax Filing … See more Have you ever forgotten to report an income or made a mistake in your ITR? Section 139(8A) under the Income Tax Act allows you a chance to update your ITRwithin two years. Two years will be calculated from the … See more Any person who has made an error or omitted certain income detailsin any of the following returns can file an updated return: 1. Original return of income, or 2. Belated return, or 3. Revised return An Updated Returncan be … See more The time limit for filing ITR-U is 24 months from the end of the relevant assessment year. ITR-U is applicable from 1st April 2024. So during the current financial year 2024-23, you can file ITR-U for AY 2024-21 and AY 2024-22. E.g., … See more ITR-U cannot be filedin the following cases: 1. Updated return is already filed 2. For filing nil return/ loss return 3. For claiming/enhancing the refund amount. 4. When updated return results in lower tax liability 5. Search … See more
Income tax return u/s 139 8a for a.y. 2022-23
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WebOr 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? - If yes, please furnish following information WebHow to file updated return u/s 139 8A for AY 2024-21 & AY 2024-22 Income Tax Return How to File ITR U Form Online on Income Tax Portal ITR U Updated Income Tax Return...
WebFeb 17, 2024 · Mentioned below is the detailed process of filing Defective Return u/s 139 (9) Step 1: Visit the website of income tax at http://www.incometaxindiaefiling.gov.in/ and login with your UserID and Password and Date of Birth/Date of Incorporation. Step 2: Click on E-File section in response to notice under section 139 (9). WebApr 18, 2024 · The deadline to submit 2024 tax returns or an extension to file and pay tax owed this year falls on April 18, instead of April 15, because of the Emancipation Day …
WebFeb 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 … WebJun 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.
WebMay 3, 2024 · Updated Return Section 139 (8A) How to fill ITR U How to file updated return Additional tax CA Abhishek Jain 5.73K subscribers Subscribe 43 Share 2.7K views 7 months ago Practical...
WebApr 11, 2024 · Date of first release of JSON Schema 11-Apr-2024. ITR 4. For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh … phl train serviceWebApr 13, 2024 · Watch It Before File Updated Income Tax Return, New ITR-U, u/s 139(8A) FY 2024-22 (AY 2024-23) tsumkwe secondary schoolWebFeb 5, 2024 · Updated Income Tax Return under section 139 (8A) Budget 2024 has shown the commitment of the Government to move strongly towards digitalization and one such measure towards this direction is the introduction of the concept of “Updated Income Tax Return” in the Income Tax Act, 1961. phl truck lines cfs availabilityWebMay 2, 2024 · The Finance Act, 2024 has introduced a new concept of updated return, wherein it allows up to 24 months to file the return of income. A new sub-section (8A) has been inserted under section 139 to allow a person to file an updated return of income except in case of search & seizure and other specified circumstances. phl tribune temp ae 3b philadelphia paWebFeb 4, 2024 · Additional tax payment by an individual chosen for filing of the updated returns u/s 139 (8A) is indeed needed with the below-mentioned rates: From December of the AY … tsumkwe town councilWebApr 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. tsumkwe vacationsWebFeb 7, 2024 · #CASansaar #UpdatedReturn #Budget2024ITR-U (ITR for updated return)Updated Income Tax Return u/s 139(8A) & Tax on Updated Return u/s 140B discussed by CA. Vi... tsumi without mask