Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Taxpayer Must Update Return Under Section 139(8A) If e-Verification Explanation Fails to Satisfy Discrepancies</h1> If the explanation provided by a taxpayer is deemed unsatisfactory during e-Verification proceedings, the taxpayer will be informed that the explanation does not adequately address the identified discrepancies. The taxpayer may then update their return of income under section 139(8A) of the Income Tax Act, if eligible. Failure to update the return within the prescribed timeframe may result in the Income Tax Department initiating risk-assessment-based proceedings, such as Assessment or Re-assessment, potentially leading to tax demands and penalties.