क्या आप 31.12.2024 के बाद भी ITR File कर सकते है? Updated ITR u/s 139(8A) скачать в хорошем качестве

क्या आप 31.12.2024 के बाद भी ITR File कर सकते है? Updated ITR u/s 139(8A)

Video Link - Belated ITR    • Belated ITR for the AY 2024-25 II How...   Video Link-How to calculate Additional Tax or Penalty in Updated ITR    • How to Calculate Additional Tax or Pe...   Video Link-How to file Updated ITR-1    • Filing of Updated ITR-1 (ITR-U) for t...   Video Link-How to file updated ITR-4    • Filing of Updated ITR-4 (ITR-U) for t...   Video Link-CBDT Notification No. 48/2022 II UPDATED ITR 139 (8A)    • CBDT Notification No 48/2022 II  UPDA...   ITR-U will give taxpayers an opportunity to file the correct tax return (only if the tax liability is payable) within 24 months from the end of the relevant assessment year. It can be filed only if time limit to file the ITR u/s 139(1) or belated ITR u/s 139(4) or revised ITR u/s 139(5) should have lapsed Can File ITR after 31 December 2023 for AY 2023-24 Updated ITR ITR-U Section 139(8A) CA Ved Taya, #cavedtaya Itr filing after 31.12.2024 Updated itr Itr-u Section 139(8A) #itr #updateditr #itru #cavedtaya Itr filing Updated itr1 Updated Return CBDT Notification No. 48/2022, dated 29.04.2022 Updated return shall be filed u/s 139(8A) It can be filed from AY 2020-21 onwards (It means for the FY 2019-20 by 31 Mar’23 and 2020-21 by 31 Mar’24) Return shall be filed in ITR-U Insertion of new rule 12AC (It talk about the ITR Form, Section , Asst Years of Filing) Procedures and formats will be issued soon by Director General of Income-Tax Link of Notification No. 48/2022-(Link Given in video description)- https://egazette.nic.in/WriteReadData... Reasons for Filing updated ITR (Only in case where income is increasing or losses reduces. It means it will result into increase your Tax Liability) Return previously not filed – 139(1) / 139(4) / 139(5) Income not reported correctly Wrong heads of income chosen Reduction of carried forward loss Reduction of unabsorbed depreciation Reduction of tax credit u/s 115JB/115JC Wrong rate of tax Others Benefits of Filing updated ITR It will give taxpayers an opportunity to file the correct tax return (only if the tax liability is payable) within 24 months from the end of the relevant assessment year. It can be filed only if time limit to file the ITR u/s 139(1) or belated ITR u/s 139(4) or revised ITR u/s 139(5) should have lapsed It is likely to reduce the potential litigation which might arise otherwise (Safeguard from any kind of notice, penalty or interest, Assessment) Tax payout is likely to be less compared to proceedings for undisclosed income or income escaping assessments are initiated Note- Not able to take refund in updated ITR by reducing your income or by increasing your losses. It means updated ITR u/s 139(8A) can not be filed if it will result into refund of tax or decrease in the tax liability. Thanks for watching the video. Please Like, Share and Subscribe my channel.