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Updated return under 139(8A)

SANJAY MERCHANT (PROPRIETOR) (83 Points)

21 March 2025

Can an updated return be filed showing only late fee payable u/s 234F?

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (8176 Points)
Replied 21 March 2025

As per the Income-tax Act, 1961: Updated Return Filing: - *Section 139(8A)*: An updated return can be filed under Section 139(8A) within 2 years from the end of the relevant assessment year. - *Late Fee under Section 234F*: If the only liability is the late fee under Section 234F, you can file an updated return showing only the late fee payable. Key Considerations: - *No Change in Tax Liability*: Ensure that there's no change in the tax liability, and only the late fee needs to be paid. - *Updated Return Form*: Use the updated return form (ITR-U) to file the updated return. Filing the Updated Return: 1. *Login to the Income-tax Portal*: Log in to the income-tax portal using your credentials. 2. *File ITR-U*: File the updated return (ITR-U) showing only the late fee payable under Section 234F. 3. *Pay the Late Fee*: Pay the late fee payable under Section 234F. Consult a tax professional or chartered accountant to ensure you're meeting the updated return filing requirements and paying the correct late fee.

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Updated return under 139(8A)

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