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Income Tax Return BACK DATED

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sona1

MANAGER

281 Points Posted on 28 January 2023

Note that PARTY Not Filed any Return in Previous Year,

HE IS A SALARY HOLDER .his taxable income is below threshold limit

Please said us can we will filed BACK DATED Income Tax return for 03 Years (i.e. A.Y 20-21,A.Y.21-22,A.Y.22-23 )

IF YES THEN PROCIDURE

Replies (11)

Quick Summary

This discussion explores the possibility of filing backdated Income Tax Returns (ITR) for a salary holder who hasn't filed in previous years. It clarifies that ITR-U can be filed for Assessment Years 21-22 and 22-23, and potentially for AY 20-21 (FY 19-20) if tax is paid under Section 140B, though filing for AY 19-20 via ITR-U is not permitted. A penalty of Rs. 1000 is mentioned for late filing.

CA Raj Doshi

Practising CA

5649 Points Posted on 29 January 2023

ITR U is possible. Not sure if it is possible for all years. But he will have to pay some tax only then ITR U will get filed.

CA Rashmi Gandhi

Chartered Accountant

44487 Points Posted on 30 January 2023

ITR-U can be filed for only two year i.e A.Y. 21-22 & A.Y. 22-23.

Sreevidhya V

335 Points Posted on 01 February 2023

ITR filing for Ay 20-21 can be filed within 24 months from the end of AY ie March 23 I believe. so fy 19-20 should be able to file within March 23 with penalty under 234f

CA Rashmi Gandhi

Chartered Accountant

44487 Points Posted on 01 February 2023

That rule is ammended , now you can't do so.

you can file only ITR-U

Sreevidhya V

335 Points Posted on 02 February 2023

Yes I was saying about ITR U only. it can be filed for fy 19-20 also. kindly chk

sona1

MANAGER

281 Points Posted on 02 February 2023

ITR U Penalty Amount Rs. 1000.00 ONLINE Payable through NSDL in which Type of Payment Head i.e. Self Assessment Tax(300) or Other Receipt (500) Head??????????????????

Sreevidhya V

335 Points Posted on 02 February 2023

Department clarified in Twitter that for paying tax under sec 140b use self assessment tax minor head. hoping for penalty also same applies. u cn chk Google for the tweet by searching 140 b tax payment head