ITR U AY 2021-22

Save Share

This query is : Resolved

Quick Summary

This discussion addresses queries regarding the filing of Income Tax Return - Updated (ITR-U) for the Assessment Year 2021-22. Specifically, it explores the implications of filing after the deadline for individuals with income exceeding ₹2.5 lacs, including the mandatory ₹1000 late fee. The core concern is whether the Central Processing Centre (CPC) can levy additional tax, particularly when taxable income is just over the threshold and no deductions under Section 80C have been claimed. Expert opinions are sought on the applicability of additional tax and potential rebates.

MOHD SHAHID

MOHD SHAHID (Querist)
Follow

11 September 2023 Hello, ITR U FOR AY 2021-22 to file having income more than 2.50 lacs. Late fee Rs.1000/- to be deposited . Whether CPC can ask for additioanl tax as income is more than 2.5 lacs. Experts opinion is sought. With warm regards