i have 3 ITR pending for my clients in FY 2021-22 can i file its return...
please Guide How and what are late fees charges...
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195114 Points)
Replied 14 February 2023
You can file updated ITR u/s. 139(8A) of IT act, wherever there is any tax liability.
For refund cases you can file return u/s 119(2)(b) of the act, after getting permission from JCIT.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 14 February 2023
ITR U can be filed with late fees of 1000/5000 u/s 234F.
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 14 February 2023
You can file ITR u/s 139(8A) if income is above 2.5 lakhs.
Also in case of tax payable you have to pay 125% of tax amount.
In case of refund, you can't opt for return u/s 139(8A) because refund will not be allowed in case of return u/s 139(8A).
Also in case of tax payable you have to pay 125% of tax amount.
In case of refund, you can't opt for return u/s 139(8A) because refund will not be allowed in case of return u/s 139(8A).
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 23 February 2023
Late fees depends on on the Category of tax payer and income
Ashish
(Chartered accountant)
(183 Points)
Replied 19 March 2023
Net Income is 270000 then in tht case late fee 1000 have to pay or tax 125% ?
Recent Topics
- SOURCE RESPONSE ON FEED BACK PROVIDED BY TAXPAYER
- Help Required - U/S 87A
- GST TAX SLAB ON RENT A CAB
- ITR 2 not available for filing yet? AY 25-26
- Failed to complete pre validations.RET00001 GST RE
- RCM on Groundnut purchased from farmers
- Cash transfer treatment between spouse under new r
- APPLICABILITY OF GST ON PULSES PREPACKED AND LABEL
- HSN Code for Keychain (Plastic+metal)
- Society and development, Highlighted by a term fin
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
