ITR d Return - Missed filing returns

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.

Only possible if there are any tax liabilities in each AY....

Sir
please advise
there is nil tax liability however he is willing to pay any late filing fee
Thanks

Yes, possible to file ITR U with penalty of Rs. 1000/- plus say something extra.

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