HOW TO FILE LATE RETURN U/S 139(8A)

 HOW TO FILE LATE RETURN U/S 139(8A)

In this article we will learn about new sec.139 (8A) added in income tax for filling return after due date (Updated Return).

Content

About Sec 139(8A)

Eligibility to File Return

Can I File Late Return if fails to do so

Method to File return Under Sec 139 (8A)

 

ABOUT SEC 139(8A)

This Sec. Is announced during annual budget session of 2022. This section effects from 1.4.2022. This section is added to provide option to file late return and update return after due date (limit for late return is 24 month) mean you can file late return for two previous years.

 

Eligibility to File Return

You can file return under this section for two immediate previous year. You can file return if not filed original return. You can file updated return also.

You can not claim refund in Any Case. if you are filling revised or updated return then you can only increase your liability.

 

Can I File Late Return if fails to do so

Yes the main purpose for introducing this section is to provide option to file late return. You can file fresh return if you fails to do but there is time limit of 24 months.

 

Method to File return Under Sec 139 (8A)

Steps

1) Visit income tax site

2) Download excel utility (only can be done by this way)

3) Fill the excel form and validate it.

4) Create the json file

5) Upload the json to income tax portal 

And Submit It

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