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.
CAclubindia
