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ITR d Return - Missed filing returns

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Kishore Nuthalapati

Accountant for multiple small entities

171 Points Posted on 27 July 2023

Hi Sir or Madam

A self employed business individual missed to file returns for the Assessment year 2021-22 and Assessment year 2022-23

Will it possible to file now through ITR U

Request you to advise time limits for ITR u if any

Thanks in advance

Replies (3)

Quick Summary

This discussion addresses how a self-employed individual can file missed Income Tax Returns (ITR) for Assessment Years 2021-22 and 2022-23. It clarifies that filing is possible using the ITR-U form, even with nil tax liability, provided a late filing fee and potentially a small penalty are paid. The advice suggests a penalty of Rs. 1000/- plus an additional amount may be applicable.