https://www.taxtmi.com/article/detailed?id=10377 Section 139(8A) permits any person to furnish an updated return (ITR-U) within twenty four months from the end of the relevant assessment year to declare additional income, subject to prescribed verification and form requirements and disqualifications. The ITR-U must be accompanied by payment of tax, interest and an additional income tax computed under section 140B which prescribes rules for accounting for advance tax, TDS/TCS, credits and reliefs, and sets special interest computation and exclusions where searches, surveys, requisitions, communicated information under anti money laundering or foreign asset laws, pending proceedings or notified classes render a person ineligible. en-us Thu, 05 May 2022 14:52:53 +0530 Thu, 05 May 2022 14:52:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10377 Section 139(8A) permits any person to furnish an updated return (ITR-U) within twenty four months from the end of the relevant assessment year to declare additional income, subject to prescribed verification and form requirements and disqualifications. The ITR-U must be accompanied by payment of tax, interest and an additional income tax computed under section 140B which prescribes rules for accounting for advance tax, TDS/TCS, credits and reliefs, and sets special interest computation and exclusions where searches, surveys, requisitions, communicated information under anti money laundering or foreign asset laws, pending proceedings or notified classes render a person ineligible. Articles Income Tax Thu, 05 May 2022 14:52:53 +0530 https://www.taxtmi.com/article/detailed?id=10377