Update return asst-year 20023-24


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This discussion clarifies the process for updating an Income Tax Return (ITR) for the assessment year 2023-24. It highlights that an updated ITR-4 can generally only be filed if there's an additional tax liability. For cases where the original return was not filed at all, the rules differ, and late filing fees will likely apply alongside any additional tax due.

(Querist)
08 April 2024 SIR
MR A FILED IT RETURN UPTO ASST-YEAR 2022-23 VIDE ON ITR 4. BUT HE NOT FILED FOR ASST-YEAR 2023-24. IF APPLICABLE FOIR ITR 4 UPDATE RETURN FOR THE ASST-YEAR 20023-24 ARE ONLY ITR 3 ONLY
TAHNKS

08 April 2024 Updated ITR-4 can be filed only if there is an additional tax liability.

08 April 2024 Roomi ji. does it apply to cases where original return for the AY was not filed in the first place?

09 April 2024 In case of original return not filed , late fees will also applicable with additional tax liability


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