https://www.taxtmi.com/manuals?id=3242 Section 139(8A) creates a statutory updated return allowing a taxpayer to disclose omitted additional income and pay additional tax and interest. The option is available irrespective of whether an original return was filed, may be exercised only once per assessment year, and cannot be used to decrease reported income or increase losses. Time limited filing windows determine the applicable additional tax and interest consequences, and taxpayers must satisfy the conditions prescribed in section 139(8A) to avail the mechanism. en-us Thu, 30 Nov 2023 12:44:00 +0530 Fri, 29 Aug 2025 11:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=3242 Section 139(8A) creates a statutory updated return allowing a taxpayer to disclose omitted additional income and pay additional tax and interest. The option is available irrespective of whether an original return was filed, may be exercised only once per assessment year, and cannot be used to decrease reported income or increase losses. Time limited filing windows determine the applicable additional tax and interest consequences, and taxpayers must satisfy the conditions prescribed in section 139(8A) to avail the mechanism. Manuals Income Tax Thu, 30 Nov 2023 12:44:00 +0530 https://www.taxtmi.com/manuals?id=3242