{"id":6037,"date":"2023-12-07T10:57:55","date_gmt":"2023-12-07T05:27:55","guid":{"rendered":"https:\/\/simplemyfiling.com\/?p=6037"},"modified":"2023-12-07T10:59:39","modified_gmt":"2023-12-07T05:29:39","slug":"updated-return-under-section-1398a","status":"publish","type":"post","link":"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/","title":{"rendered":"UPDATED RETURN UNDER SECTION 139(8A)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"6037\" class=\"elementor elementor-6037\">\n\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a080083 e-flex e-con-boxed e-con e-parent\" data-id=\"a080083\" data-element_type=\"container\" data-settings=\"{&quot;content_width&quot;:&quot;boxed&quot;}\" data-core-v316-plus=\"true\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e301a2e eael-dual-header-content-align-center elementor-widget elementor-widget-eael-dual-color-header\" data-id=\"e301a2e\" data-element_type=\"widget\" data-widget_type=\"eael-dual-color-header.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\n\t\t        <div class=\"eael-dual-header\">\n\t\t\t\t<h2 class=\"title\"><span class=\"ez-toc-section\" id=\"UPDATED_RETURN_UNDER_SECTION_1398A\"><\/span><span  class=\"lead solid-color\">UPDATED RETURN <\/span> <span>UNDER SECTION 139(8A)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\" role=\"button\"><label for=\"item-69d3d50c6edc5\" ><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input aria-label=\"Toggle\" aria-label=\"item-69d3d50c6edc5\"  type=\"checkbox\" id=\"item-69d3d50c6edc5\"><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#UPDATED_RETURN_UNDER_SECTION_1398A\" title=\"UPDATED RETURN  UNDER SECTION 139(8A)\">UPDATED RETURN  UNDER SECTION 139(8A)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Understanding_the_Option_to_Furnish_Updated_Return\" title=\"Understanding the Option to Furnish Updated Return\">Understanding the Option to Furnish Updated Return<\/a><ul class='ez-toc-list-level-2'><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#1_Option_to_Furnish_Updated_Return\" title=\"1. Option to Furnish Updated Return\">1. Option to Furnish Updated Return<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Timeframe\" title=\"Timeframe\">Timeframe<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Example\" title=\"Example\">Example<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#2_Non-Applicability_of_Updated_Return_Provisions\" title=\"2. Non-Applicability of Updated Return Provisions\">2. Non-Applicability of Updated Return Provisions<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Exceptions\" title=\"Exceptions\">Exceptions<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Illustration\" title=\"Illustration\">Illustration<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#3_Updated_Return_for_Loss_Return_Cases\" title=\"3. Updated Return for Loss Return Cases\">3. Updated Return for Loss Return Cases<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Permissible_Scenario\" title=\"Permissible Scenario\">Permissible Scenario<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Example-2\" title=\"Example\">Example<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#4_Furnishing_Updated_Return_for_Subsequent_Years\" title=\"4. Furnishing Updated Return for Subsequent Years\">4. Furnishing Updated Return for Subsequent Years<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Carrying_Forward_Losses\" title=\"Carrying Forward Losses\">Carrying Forward Losses<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Scenario\" title=\"Scenario\">Scenario<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Circumstances_Restricting_Updated_Return\" title=\"Circumstances Restricting Updated Return\">Circumstances Restricting Updated Return<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Instances_of_Restriction\" title=\"Instances of Restriction\">Instances of Restriction<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/simplemyfiling.com\/index.php\/2023\/12\/07\/updated-return-under-section-1398a\/#Additional_Constraints\" title=\"Additional Constraints\">Additional Constraints<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n\t\t\t\t<span class=\"subtext\"><\/span>\n\t\t\t\t<\/div>\n\t\n\t\t\n\t\t\n\t\t\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-375a9e09 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"375a9e09\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-515d5dcd\" data-id=\"515d5dcd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6580e071 elementor-widget elementor-widget-text-editor\" data-id=\"6580e071\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><!-- wp:group {\"layout\":{\"type\":\"constrained\"}} --><\/p>\n<div>\n<figure style=\"text-align: left;\">\n<ul>\n<li>\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-sojdz-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-sojdz-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-482\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 md:py-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"737c554f-f147-41ce-ac4c-b619ce5b2328\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-cndfi-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-cndfi-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-23\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"edb024b9-af40-46a8-a3ca-b034b14f3231\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-cndfi-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-cndfi-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-35\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"f4995fcd-5e15-4b91-ad0a-6be1eff783d0\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<div class=\"flex-1 overflow-hidden\">\n<div class=\"react-scroll-to-bottom--css-cndfi-79elbk h-full\">\n<div class=\"react-scroll-to-bottom--css-cndfi-1n7m0yu\">\n<div class=\"flex flex-col pb-9 text-sm\">\n<div class=\"w-full text-token-text-primary\" data-testid=\"conversation-turn-37\">\n<div class=\"px-4 py-2 justify-center text-base md:gap-6 m-auto\">\n<div class=\"flex flex-1 text-base mx-auto gap-3 md:px-5 lg:px-1 xl:px-5 md:max-w-3xl lg:max-w-[40rem] xl:max-w-[48rem] } group final-completion\">\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"ffca16dc-dd52-41ff-bd5f-c4c3955b8a98\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<h1><span class=\"ez-toc-section\" id=\"Understanding_the_Option_to_Furnish_Updated_Return\"><\/span>Understanding the Option to Furnish Updated Return<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<h2><span class=\"ez-toc-section\" id=\"1_Option_to_Furnish_Updated_Return\"><\/span>1. Option to Furnish Updated Return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Timeframe\"><\/span>Timeframe<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Any individual can submit an updated return of income for the previous year relevant to the assessment year within 24 months from the end of the relevant assessment year. This option is available regardless of whether the original return was filed under section 139(1), belated return under section 139(4), or revised return under section 139(5).<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Example\"><\/span>Example<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>For instance, an updated return for Assessment Year 2023-24 can be filed until March 31, 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2_Non-Applicability_of_Updated_Return_Provisions\"><\/span>2. Non-Applicability of Updated Return Provisions<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Exceptions\"><\/span>Exceptions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Provisions related to updated returns do not apply under the following circumstances:<\/p>\n<p>(i) If the updated return results in a loss return. (ii) If it decreases the total tax liability determined based on the original return. (iii) If it results in a refund or increases the existing refund.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Illustration\"><\/span>Illustration<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>For instance, if Mr. A filed his ITR for AY 22-23 with a declared tax liability of Rs. 1,00,000, he cannot decrease this liability through an updated return.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"3_Updated_Return_for_Loss_Return_Cases\"><\/span>3. Updated Return for Loss Return Cases<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Permissible_Scenario\"><\/span>Permissible Scenario<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>An individual who filed a return of loss on or before the due date under section 139(1) is allowed to submit an updated return, provided it is a return of income.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Example-2\"><\/span>Example<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If Mr. C filed a return of loss for AY 2022-23 on July 31, 2022, he can submit an updated return until March 31, 2025, given it is a return of income.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4_Furnishing_Updated_Return_for_Subsequent_Years\"><\/span>4. Furnishing Updated Return for Subsequent Years<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Carrying_Forward_Losses\"><\/span>Carrying Forward Losses<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If the furnishing of an updated return for a previous year reduces carried forward losses or unabsorbed depreciation, updated returns are required for subsequent years affected by this reduction.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"Scenario\"><\/span>Scenario<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>If Mr. D filed a return of loss for AY 2022-23 on July 31, 2022, and later realizes that an excess loss was claimed, he can file an updated return. If this affects subsequent years (e.g., AY 2023-24 and AY 2024-25), updated returns for those years are necessary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Circumstances_Restricting_Updated_Return\"><\/span>Circumstances Restricting Updated Return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Instances_of_Restriction\"><\/span>Instances of Restriction<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Updated returns cannot be furnished for the assessment year relevant to the previous year in which a search, survey, or requisition is conducted. Furthermore, restrictions apply in scenarios such as pending assessments or proceedings, prosecution proceedings initiated, or information received under specific acts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Additional_Constraints\"><\/span>Additional Constraints<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>No updated return can be filed twice for the same assessment year.<\/li>\n<li>If prosecution proceedings are initiated.<\/li>\n<li>When certain information is in possession of the Assessing Officer.<\/li>\n<\/ul>\n<p>Understanding these conditions is essential for individuals contemplating the submission of updated returns, ensuring compliance with the Income Tax Act.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/figure>\n<\/div>\n<p><!-- \/wp:paragraph --><!-- wp:post-date \/--><!-- wp:post-author \/--><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>UPDATED RETURN UNDER SECTION 139(8A) Understanding the Option to Furnish Updated Return 1. Option to Furnish Updated Return Timeframe Any individual can submit an updated return of income for the previous year relevant to the assessment year within 24 months from the end of the relevant assessment year. This option is available regardless of whether [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5762,"comment_status":"closed","ping_status":"open","sticky":false,"template":"elementor_theme","format":"standard","meta":{"_joinchat":[]},"categories":[415],"tags":[469,550,417],"blocksy_meta":"","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPDATED RETURN UNDER SECTION 139(8A) | simplemyfiling<\/title>\n<meta name=\"description\" content=\"Explore updated return under Section 139(8A). Simplify compliance for accurate filings. 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