👇 MINISTRY OF CORPORATE AFFAIRS NOTIFICATION 👇 📎 Notice inviting comments on draft Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2025. 👈 📎 Public Notice inviting comments on draft notification for amending the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 👈
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Extended Window for Tax Compliance: Navigating the 4-Year Updated ITR Deadline Extended Deadline for Filing Updated Income Tax Returns: Key Changes and Implications The Union Budget 2024–25 has proposed extending the deadline for filing Updated Income Tax Returns (ITRs) from two years to four years . This change, introduced through the Finance Bill 2025 , will provide taxpayers with additional time to rectify errors or omissions in their past returns. What is an Updated Return? An Updated Return is filed under Section 139(8A) of the Income Tax Act, 1961 . It allows taxpayers to correct errors or omissions in their original or revised return. This option is useful in cases where: Income was omitted or underreported. A taxpayer failed to file a return despite exceeding the threshold limit. Excessive losses or refunds were claimed in the original return. ...
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