ITR form AY 2023-24 Late return


This query is : Resolved 

Quick Summary
If you missed filing your Income Tax Return (ITR) for Assessment Year 2023-24, you can still submit an updated return. This process, available under Section 139(8A) of the IT Act, allows you to rectify previous omissions. Be aware that filing an updated return may incur some tax liability and late fees.

(Querist)
16 October 2024 I have already Filed ITR1 form AY 2024-25. Now i want to file ITR form for the AY 2023-24, is it possible?. It is required for Bank Loan Purpose.

16 October 2024 Yes, you can file UPDATED ITR for AY 2023-24 with some tax due.

Husseini (Querist)
16 October 2024 I have not filed ITR return earlier for AY 2023-24.

16 October 2024 Yes, still you can file updated return u/s. 139(8A) IT act, but need to pay some tax with late fees.

Husseini (Querist)
16 October 2024 Thank you very much sir

16 October 2024 You are welcome.


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