Updated return filing U/s. 139(8A)

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This discussion addresses the applicability of the updated return filing provision under Section 139(8A) for Associations of Persons (AOPs). While the law states 'person' can file, the income tax portal currently only allows individuals to file updated returns, leaving AOPs without an option. Participants are awaiting portal updates to enable AOPs to utilise this new provision.

NAYEEM.M

NAYEEM.M (Querist)

08 July 2022 It is said that the new provision of section 139(8A) to file updated return is applicable to person. Whereas I found that an AOP wish to file updated return left with no option under the new provision who normally assessed at the Individual tax rate. Here it means that the person means only individual and does not includes AOP. Is there any possibility for an AOP to file updated return Under 139( 8A).

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

09 July 2022 Person includes AOP so AOP can file updated return.

NAYEEM.M

NAYEEM.M (Querist)

09 July 2022 Income tax portal updated to file the ITR-4 return U/s.139(8A) only for individuals
when we login to file an ITR-5 still the old two options only exist and no option created to file updated return U/s.139(8A)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

09 July 2022 Wait for software updating in the portal

Message likes : 1 times

NAYEEM.M

NAYEEM.M (Querist)

12 July 2022 Income tax portal should be updated at the earliest, which will enable us to file the updated returns U/s. 139(8A) for AOP

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