Finance Bill 2022 has proposed a new sub-section 8 (A) in section 139 for furnishing the updated return. Section 139 (8A) of the Income Tax Act allows filing an updated return within 24 months from the end of the relevant assessment year. Learn more about eligibility, provisions, and FAQs. Whether updated return is furnishing after the due date of filing the return under (section 139 (4)/ (5)) and within 12 months from the end of assessment year. Section 139 (8A) of Income Tax Act has emerged as a significant provision for taxpayers in India. This section allows individuals to file updated income tax returns (ITR-U) even after the regular filing deadline has passed.
