Finance Minister Nirmala Sitharaman announced an extension of the time limit for filing an updated income tax return under Section 139(8A) from 2 years to 4 years in her Union Budget 2025 speech. Previously, taxpayers could file an updated return within 24 months from the end of the relevant assessment year. This move aims to provide more flexibility and compliance ease for taxpayers, allowing them additional time to rectify omissions or errors in their tax filings. Union Budget 2025: 10,000 Fellowships Under PM Research Fellowship for Tech Research at IITs and IISc, Announces Finance Minister Nirmala Sitharaman.

Union Budget2025

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