Failed to verify return for AY 2022-23. Can 139(8a) updated return be filed to claim refund?

Dear experts,

Tax payer has failed to verify original return for FY 2021-22 (AY 2022-33) filed under Section 139(4) in December 2022. Last date to verify has elapsed, and now as per the IT department website the return is treated as not filed. And there is no option of condonation of delay in verification shown in the IT department website. 

Tax payer has a refund to be obtained. 

Can updated return under 139(8a) new section be filed now ?

Please advice on the same, how can this return be processed. Thank you

Replies (9)
Quick Summary
A taxpayer failed to verify their original return for AY 2022-23 filed under Section 139(4), and the deadline has passed, meaning the return is treated as not filed. As there's no option for condonation of delay on the IT department's website, the taxpayer wishes to claim a refund. The discussion explores whether an updated return under the new Section 139(8a) can be filed in this situation, with conflicting advice suggesting it might not be possible for refund claims but could be an option for late filing with a fee.

Updated return cannot be filed in case of any refund..

 

Yes itr can be filed with late fee under section 139(8a) itself
Updated return cannot be filed for refund claim. better apply for condonation request to e-verify the ITR else submit condonation request before your jurisdictional CIT after 31/03/2023
Then pls tell why tds tcs schedules are given in excel utility
Originally posted by : Komal Khemchandani

Then pls tell why tds tcs schedules are given in excel utility

That's the beauty!!!

Try to understand it...

Otherwise, I will have to give you some example...

As per my understanding after seeing the bare act that this section is mainly for govt revenue and person will have to pay tax liability in any case if he files the return for first time but if he is filing again with correct info then he can claim previously claimed tds. Is this correct sir ??

For first time or for previously filed, there should be additional tax liability... after adjusting TDS TCS deduction + Any tax paid....

Correct?

Yes understood Sir. Thank you.

You are welcome..                      

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