E filing of Updated ITR u/s 139(8A)
E filing of Updated ITR u/s 139(8A)
E filing of Updated ITR u/s 139(8A) has been enabled for AY 2020-21 and AY 2021-2021.
Income tax dated 27th June,2022 had released utility to file updated returns for AY 20-21 and 2021-2022.
This utility is available for form ITR 1,ITR 2,ITR 3 and ITR 4 as of now.Utility is available in excel mode under downloads head.
Who all are eligible to file updated form ITR U as per the provisions of section 139(8A) of Income Tax Act, 1961
Any person whether or not he has furnished return of income under sub section (1) or sub section (4) or sub section (5),for an assessment year may furnish his return of income for any previous year relevant to such assessment year in the prescribed form and manner,providing such details as may be required, at any time within Twenty Four(24) months from the end of relevant Assessment Year.
Who are not eligible to file updated return under sub section 8A of Section 139:
Where the updated return is :
- A return of loss,or
- A return, which has the effect of decreasing the total tax liability determined on the basis of return furnished.
- A return of refund or increase in refund as per the ITR furnished.
- A search has been conducted u/s 132 or
- A survey has been conducted u/s 133A or
A notice has been issued u/s 132 or 132A for any assessment year relating to the previous year.