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Updated return under Section 139(8A) can be filed within:
A12 months (per relevant Section)
B48 months of relevant AY (post-FA 2025)
C24 months
DAnytime
Answer & Solution
Correct answer: B. 48 months of relevant AY (post-FA 2025)
1. Section 139(8A) (FA 2022) allows updated return on additional tax.
2. Original 24-month window; FA 2025 extended to 48 months.
3. Additional tax: 25% (within 12), 50% (12-24), 60% (24-36), 70% (36-48).
_Source: ICAI BoS CA Final Paper 7, Ch 15 "Assessment Procedure"_
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