Tag: updated income tax return

ITR Forms & Rule for filing Updated Return of Income with additional tax Rule 12AC, ITRU notified The Union Budget 2022-23 had proposed a new provision in section 139 for filing an updated return of income with additional tax by any person, whether he has filed a return previously …

Provisions for filing of updated income tax return for time barred returns on payment of additional fee – Union Budget 2022-23   Section 139 of the Income Tax Act 1961 contains due dates for filing of Income Tax Return by various categories of taxpayers. However, presently a taxpayer …