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...
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Can I file F.Y 2021-22 ITR
Replies (5)
Quick Summary
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.
ITR U can be filed with late fees of 1000/5000 u/s 234F.
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).
Late fees depends on on the Category of tax payer and income
Net Income is 270000 then in tht case late fee 1000 have to pay or tax 125% ?
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