Need to revise return for a.y. 2023-24 and 2020-21

This query is : Resolved 

Quick Summary
You can potentially file an updated return for AY 2023-24 if you have additional tax liability, even after receiving a demand notice. However, the deadline for filing an updated return for AY 2020-21 has passed, meaning revision is no longer possible for that assessment year.

25 December 2024 can I revise a.y 2023-24 return as RECEIVED DEMAND NOTICE

ALSO NEED TO REVISE FOR AY. 2020-21 FOR SAME REASON.

25 December 2024 No. The time to revise the returns of AY 2023-24 & AY 2020-21 has lapsed.

26 December 2024 can I file updated return u/s 8

26 December 2024 Yes, eligible for ITR of AY 2023-24, if any additional tax liability.
For AY 2020-21 updated ITR cannot be filed now.


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