Hi sir/Madam
We need to file a return for the AY 2023-24
Can we file now as belated return or updated return now
as there is a refund of 50 rs will it possible to file as belated return
Please advise
Thanks
In case of refund you have to apply under 119(2)(b) of the income tax act . you have to take approval from CIT to file the return, after approval you can file ( Condonation of delay) income tax return , no interest on refund amount is applicable.
However under 143(1) of the income tax act no refund less than 100/- is applicable so please confirm and then apply under section 119(2)(b) of the income tax act ,
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