Revised return 139(5) for FY 2021-22

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This discussion clarifies the filing options for revised returns for FY 2021-22 (AY 2022-23). As of March 3rd, 2023, the deadline for filing a revised return under section 139(5) has passed (31.12.2022). The only available option for filing an updated return for this period is now section 139(8A), which is expected to be enabled from April 1st, 2023.

Shweta

Shweta (Querist)
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03 March 2023 Can we still file revised return under section 139(5) for FY 2021-22 as on 3rd March, 2023 or the only option is 139(8A).

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 March 2023 The final date for filing revised return for AY 2022-23 was 31.12.2022.
The updated return u/s. 139(8A) for the said year can be filed from 01.04.2023.

Shweta

Shweta (Querist)
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03 March 2023 I read in an article that "CBDT has enabled E-Filing of updated Income Tax Return on Income Tax Portal for AY 2022-23 (FY 2021-22)". I have not tried filing yet. So is it confirmed that we cannot file ITR U before 1st April, 2023 for FY 2021-22.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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03 March 2023 CBDT has not updated filing of ITR u/s. 139(8A) for AY 2022-23 as yet. Expected to update it only after 31.03.2023.

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