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Amending Tax return for financial year 2020-2021

ITR 256 views 1 replies

Hi,

I left out some information in the tax return , because of which I need to ammend tax return for year 2020-2021?


Can I do it now?

 

thanks

Replies (1)

It looks like you're seeking guidance on amending your tax return for the financial year 2020-2021. In India, you can file a revised return under Section 139(5) of the Income Tax Act, 1961, if you've made an error or omission in your original return. However, there are time limits for filing a revised return. You can file a revised return: - Within one year from the end of the relevant assessment year (AY), or - Before the completion of the assessment, whichever is earlier. For AY 2020-2021, the time limit for filing a revised return would be: - One year from the end of AY 2020-2021, i.e., March 31, 2022, or - Before the completion of the assessment, if it's pending. . Additionally, you may want to explore the topics discussed in the threads you mentioned, such as defective ITR2 returns, TDS, GST, and more. The CAclubindia forum seems to have a wealth of information and expert advice on various tax-related matters.


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