How to File Updated ITR-U Returns How to File Updated ITR-U Returns Filing Income Tax Returns (ITR) is a crucial responsibility for all taxpayers. However, there are situations when taxpayers miss the filing deadline or need to correct errors in previously filed returns. To address this, the Income Tax Department introduced the concept of an … Read more
Why Do You Receive Income Tax Notices? Why Do You Receive Income Tax Notices? Receiving an income tax notice can be a stressful experience for many taxpayers. However, it’s essential to understand that these notices are often issued due to specific discrepancies or procedural requirements. Addressing these notices promptly and accurately can save you from … Read more
Income Tax Notice Fraud Receiving an income tax notice can be stressful, but the situation becomes even more complicated if the notice is fraudulent. With increasing cases of scam notices, it’s essential to know how to distinguish between genuine and fake income tax notices. This blog will guide you through the process of identifying, verifying, … Read more
What is Demand Extinguished? When dealing with taxation, you might come across the term “Demand Extinguished.” This phrase holds significant importance in the realm of tax compliance and disputes. If you’re a taxpayer, accountant, or business owner, understanding this term can save you from unnecessary complications and penalties. This blog dives deep into what “Demand … Read more
Understanding the Provisions of Section 139(8A) for Filing an Updated Return Under the Income Tax Act, 1961 Updated Return Under the Income Tax Act, 1961 The Income Tax Act, 1961, provides several provisions that allow taxpayers to rectify mistakes or omissions in their filed returns through updated returns. Section 139(8A) is one such provision that … Read more
