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Omitted certain income in ITR? File updated return but caution is needed

Use this facility cautiously, since once filed the updated return can't be modified.

Topics
income tax returns

Bindisha Sarang 



tax

The Finance Act, 2022, introduced a new Income- Return (ITR) filing facility known as updated return. A new sub-section 8(A) was added to Section 139 of the Income- (I-T) Act for this purpose. This scheme came into effect from April 1, 2022. Nearly 75,000 updated returns have been filed so far.

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First Published: Mon, August 22 2022. 23:39 IST

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