Updated return for 24-25

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660 Points Joined September 2015

My client wants to file ITR 1 as updated return for 24-25 . He has income bellow 3 lakhs. Now he wants to file updated return . Can he file

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On 26 March 2025 at 14:20 Report
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Master in Accounts & high court Advocate
9093 Points Joined December 2011

For the Assessment Year 2024-25, your client can file an updated return under Section 139(8A) of the Income-tax Act, 1961, if they meet specific conditions.

 Eligibility: - *Income Limit*: The updated return is available for individuals with income up to ₹3 lakhs, which your client meets. -

*Original Return Filed*: Your client must have filed their original return of income for AY 2024-25 on or before the due date.

 Filing the Updated Return: - *Form ITR-1*: Your client can file the updated return using Form ITR-1, as they are eligible. -

 *Additional Tax Payment*: If any additional tax is due, your client must pay it along with interest, if applicable. -

 *Filing Deadline*: The updated return can be filed within 2 years from the end of the relevant assessment year (AY 2024-25).

 Key Considerations: - *Interest and Penalties*: Your client may be liable for interest and penalties on the additional tax due.

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On 26 March 2025 at 15:52


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