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139(8A) updated Return

ITR Filing 370 views 2 replies

My Tax Consultant filed  My  ITR for A.Y 2020-21 u/s 139(4) i.e. belated return and he had disclosed Total Income in the return of Rs.125580 and there was deducted of Rs.7670.he had Claimed the TDS and I have received Tds with Interest of Rs.7842 but hi didn't take my other income in the return so  Now i want to file the return U/s 139(8A) with increasing income.

My Question are

1) can i file the return u/s 139(8A)

2)Whether TDS amount will be reversed with 50% penalty which i had claimed?

3) whether i will have to pay late fees 1000 u/s 234F 

 

please answer the above

Replies (2)

1. Yes.

2. Additional tax payable will be 50% of (regular tax + interest).. No question of any TDS claim now.

3. No.

If you hv received a notice under section 139(8A) it is a defective return.


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