Revised return or rectification 1915

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This query is : Resolved

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This discussion addresses whether income tax returns filed for FY 2019-20 and 2020-21 can be revised or refiled. While updated returns are possible for FY 2020-21 onwards if additional tax is due, refiling is not an option if there's no additional tax or late fee. The advice suggests checking for rectification under Section 154 of the Act against the intimation order.

Sanjeev raj Gupta

Sanjeev raj Gupta (Querist)

10 April 2023 Can itr filed in f.y 2019-2020 and 2020-2021 be rectified or refiled?????

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

10 April 2023 Updated return can be filed for FY 2020-21 i.e. AY 2021-22 & FY 2021-22 i.e. AY 2022-23, if there is any additional tax payable.

Sanjeev raj Gupta

Sanjeev raj Gupta (Querist)

10 April 2023 No there is no additional tax payable but the return has been filled wrongfully

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

11 April 2023 If there is no late fee payable too, then you cannot file updated return.
Check if rectification request u/s. 154 of the act, is accepted, against the intimation order u/s. 143(1) of the act.

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