<h1>Section 139(8A) Allows Updated Tax Returns Within 24 Months, Excludes Losses, Reduced Liability, and Refunds.</h1> Under section 139(8A) of the Income Tax Act 1961, individuals can file an updated return for any assessment year within 24 months from the end of that year, regardless of whether they filed a previous return. However, this provision does not apply if the updated return reports a loss, decreases tax liability, or results in a refund. Additionally, individuals cannot file an updated return if certain conditions apply, such as ongoing assessments, possession of information by authorities under specific laws, or if they belong to a notified class. Exceptions exist for carrying forward losses or depreciation.