File ITR FY 2020-2021 after 01.01.2022

Dear All,

I have a query, if a person has not filed ITR by 31.12.2021, if his taxable income is less than 5 lacs and there is no tax liability. Can he file ITR return without any penalty?

Replies (4)
Quick Summary
This discussion addresses filing Income Tax Returns (ITR) for the financial year 2020-2021 after the usual deadline of December 31st, 2021. It clarifies that individuals with taxable income under £5 lakh and no tax liability can file without penalty, referencing Section 234. However, if income exceeds £2.5 lakh, a penalty of £1000 may apply for late filing.

Itr can be filed now with a penalty of Rs 1000/-
Pls give the details of Sec.
Sec 234 deals with it.
If your income is less than 250000 only then you can file your ITR now without any penalty
Irrelevant

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