WebApr 13, 2024 · 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. For better understanding of Section 139 (8A), extract of this section is given below: 139 (8A ... WebJan 7, 2024 · It can be used even when someone has missed filing ITR in a specific financial year. Updated return (ITR-U) Last Dates. AY 2024-21: March 31, 2024; AY 2024-22: March …
How to File Indian Income Tax Updated Return (ITR-U) Form?
WebApr 14, 2024 · All about Updated Income-tax return (ITR-U). ITR U also known as Updated ITR was introduced in Budget 2024. This was an opportunity given to tax filers to correct their old mistakes but only those corrections were allowed which caused a loss of revenue. In simple terms you can file ITR U only when you incur some tax liability after filing ITR U ... WebMay 4, 2024 · Filing an updated tax return will trigger payment of an additional 25 percent on the due tax and interest if the updated ITR is filed within 12 months. This rate will increase to 50 percent if the ITR-U is filed after 12 months, but before 24 months from the end of the relevant assessment year. If a taxpayer files an updated return but does not ... clermont ferrand billom
The deadline to file updated income tax returns is March 31, 2024
WebApr 13, 2024 · If you have invested in unlisted equity shares at any time during the financial year, you should file ITR-3. The return may also include income from House property, ... Budget 2024 Update on ITR-4. Budget 2024 has amended Sec 44AD and Sec 44ADA to revise presumptive taxation limits for FY 2024-24 (AY 2024-25) as follows: Category. WebYes, such filings can be done through a special form "ITR… You can still file your Income Tax Returns for FY 2024-21 even if you missed filing it on time! Nishchit Shetty on LinkedIn: … WebFeb 23, 2024 · What is the Time Limit and Last date to File ITR U. The provision of updated returns is effective from 01-04-2024, and the time limit provided for filing an updated … clermont ferrand biarritz