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139(8A) updated Return

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AJAY BABAN NAVALE

Student

20 Points Posted on 08 December 2022

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)

Quick Summary

This discussion addresses the possibility of filing an updated belated Income Tax Return (ITR) under Section 139(8A) for the Assessment Year 2020-21. The user initially filed a belated return and now wishes to include additional income and correct TDS claims. The advice provided confirms that filing under Section 139(8A) is possible, but it will involve paying additional tax based on the regular tax and interest, with no reversal of the TDS claim. Late fees under Section 234F are not applicable in this scenario.