Whether updated return can be filed for the Asst. Year 2024-25 after receipt of notice u/s 142 (1) of the income tax act
Menu
Income tax-Updated Return
Replies (1)
Yes, under some conditions.
Filing an updated return remains an option if it is done before the completion of the assessment proceedings for that year. If the Assessing Officer has only issued a Section 142(1) notice (and not completed the assessment or initiated scrutiny u/s 143(2)), an updated return can typically be filed.
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
