please advise me for filing income tax return ay 20-21 under section 44ab.
can we file now??
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Quick Summary
This discussion concerns filing an income tax return for AY 20-21 under Section 44AB. The user is asking if it's still possible to file, as the standard deadline has passed. While filing for previous financial years typically requires specific approvals for carry-forward losses or refunds, the user clarifies they need to file solely for bank loan purposes and have no outstanding losses or refund claims.
You can file IT return for F.Y 19-20 only in case of claim of carry forward loss or refund , after approval from CIT , under section 119(2)(b) of the Income tax act 1961.