Filing of Indian Income Tax Updated Return

Name: Filing of Indian Income Tax Updated Return
Brand: commerciallawpublishers
SKU: filing-of-indian-inc-mjpgesc0-vn85
Price: 236 INR
Availability: InStock
Author: Ram Dutt Sharma
ISBN: 978-93-5603-384-9

by Ram Dutt Sharma (Author)| Publisher: commerciallawpublishers

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Product Details

ISBN-13

978-93-5603-384-9

Publisher

commerciallawpublishers

Language

English

Edition

Edition 2023

About the Author

Ram dutt sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduate from M.D. University, Rohtak in 1980. He Join the Income Tax Department in the year 1983 and retired as Income Tax Officer on 30-06-2018, He Worked at Various Stations of North-West Region of Income Tax Department. He has wide Experience of all wings of Income Tax Department such as Assessment Units Special Range, TDS Wing, Investigation Wings etc. He has been Contributing articles and addressing on Topics Relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars Organized by the Income Tax Department, Chartered Accountants Advocate and various Trade Associations.

About the Book

This edition of Filing of Indian Income Tax Updated Return (Under Section 139(8A) of the Income Tax Act, 1961), authored by Ram Dutt Sharma, serves as a comprehensive and practical reference for understanding and complying with the provisions relating to the filing of updated returns under Indian tax law. It incorporates the latest legal provisions, procedural requirements, and relevant CBDT guidelines to help taxpayers and professionals navigate this new compliance mechanism effectively.

The book presents the law as it stands—alongside procedural guidance and practical illustrations—making it an ideal resource for practitioners, corporates, and individual taxpayers. It explains the legislative intent behind Section 139(8A), eligibility conditions, timelines, forms, and the computation of additional tax payable, ensuring complete clarity for real-world application.

The content covers the full scope of updated return provisions, including:
• Concept and legislative background of Section 139(8A)
• Persons eligible to file an updated return and time limits applicable
• Detailed step-by-step procedure for filing updated returns
• Computation of additional tax, interest, and fees
• Restrictions and ineligible cases for filing updated returns
• Treatment of revised and belated returns in relation to updated returns
• Forms and formats applicable for filing
• Practical illustrations, checklists, and compliance tips
• CBDT notifications, circulars, and clarifications relevant to updated returns
• Legal consequences and penalties for incorrect or non-filing
• Interaction with assessment, reassessment, and appeal provisions

This edition is particularly suitable for:
• Chartered accountants, tax practitioners, and legal consultants advising on income tax compliance
• Corporate tax and finance teams ensuring timely and correct filing of updated returns
• Law students and academicians studying recent developments in Indian tax law
• Taxpayers seeking a clear and reliable guide to fulfill their compliance obligations

Whether used in professional practice, corporate compliance, or academic study, this book offers an authoritative and up-to-date guide to understanding and implementing the provisions of updated returns under Section 139(8A) of the Income Tax Act, 1961.