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
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
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.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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