ITR-U UPDATED RETURN
This query is : Resolved
Quick Summary
PANDIAN BRIGHT
(Querist)
10 January 2023
Can ITR-U be filed for Income Less than Rs.5,00,000. But late Fee Payable Rs.1000?
Dhirajlal Rambhia
(Expert)
10 January 2023
Updated return can only be filed if there is any tax liability... the penalty will be 25/50% of the tax payable, depending upon 12/24 months of filing late respectivly...
PANDIAN BRIGHT
(Querist)
11 January 2023
So, I can not file return. is it right Sir?
Dhirajlal Rambhia
(Expert)
11 January 2023
No, I mean check for any tax liability..... & decide..
PANDIAN BRIGHT
(Querist)
11 January 2023
I dont have any Tax Liability. Only Late Fees Sir.
Dhirajlal Rambhia
(Expert)
11 January 2023
Correct, in that case you are not eligible to file updated return.
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