Health and education cess (budget 2022)
This query is : Resolved
03 February 2022
Sir,
In the budget 2022, it was held that the cess is not an allowable expenditure with retrospective effect.we have filed returns claiming such cess for AY 2020-21 and AY 2021-22 too.
Can you kindly suggest what will be the possible course of action to be taken in this regard. Can we file revised for the AY 2021-22 or is there any chance that those returns will get processed as few of the returns for AY 2020-21 were already processed.
In the budget 2022, it was held that the cess is not an allowable expenditure with retrospective effect.we have filed returns claiming such cess for AY 2020-21 and AY 2021-22 too.
Can you kindly suggest what will be the possible course of action to be taken in this regard. Can we file revised for the AY 2021-22 or is there any chance that those returns will get processed as few of the returns for AY 2020-21 were already processed.
03 February 2022
Once the bill is passed and becomes act, department itself may reprocess the ITRs. Assessee need not revise it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
