Can I file ay 21-22 return

365 views
User Avatar

20 Points Posted on 13 December 2022
current month is December 2022.
can I file my ay 21-22 return (FY 2020-21) now?
0 Reply Share Follow
On 13 December 2022 at 13:41 Report
Replies (5)
Quick Summary
You can file an updated Income Tax Return (ITR) for AY 21-22 (FY 2020-21) if there's a tax liability, though it will incur a 25% penalty. If you are due a refund, you may need to apply for condonation under Section 119(2b) of the IT Act. Filing is generally not possible if there's no tax liability or refund, except in specific circumstances like responding to an IT department enquiry.

User Avatar

SEO Sai Gr. Hosp.
212489 Points Posted on 13 December 2022

Yes, if there is any tax liability.

Filing of ITR u/s. 139(8A) of the act is possible with 25% interest over tax liability, as penalty.

1 Reply
On 13 December 2022 at 14:20
User Avatar

SEO Sai Gr. Hosp.
212489 Points Posted on 13 December 2022

But if there is any tax refund, go for sec. 119(2b) of IT act for condonation of filing return...

1 Reply
On 13 December 2022 at 14:21
User Avatar

CFO- at NHTF
58280 Points Posted on 13 December 2022
Original return and belated returns can't be done but Updated Return can be filed if the GTI is above 2.5lacs and if there is any tax liability
4 Reply
On 13 December 2022 at 14:33
User Avatar

20 Points Posted on 13 December 2022
If there is no tax liability and no refund then can we file the return? if yes the what is the procedure?
Reply
On 13 December 2022 at 20:30
User Avatar

SEO Sai Gr. Hosp.
212489 Points Posted on 13 December 2022
Originally posted by : nisha hussain
If there is no tax liability and no refund then can we file the return? if yes the what is the procedure?

For AY 2022-23, it is possible, but not for earlier years.

But, in case you get any enquiry from IT department, then you can....

Reply
On 13 December 2022 at 22:56

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading