Hello Everyone
Can We file the income tax return from last 2 year
2020-2021 and 2021-2022 now?
ITR Filling for last 2 year
Account Knowledge (7 Points)
15 February 2023
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193947 Points)
Replied 15 February 2023
Yes, ITR for FY 2020-21 & FY 2021-22 can be filed u/s. 139(8A) of IT act, provided there is no refund claim.
Otherwise, it can be filed u/s. 119(2)(b) of the act.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 February 2023
Due date is over. Hence original return can't be filed under section 139(1).
However Updated Return can be filed if there is tax liability
However Updated Return can be filed if there is tax liability
CA Rashmi Gandhi
(Chartered Accountant)
(86469 Points)
Replied 15 February 2023
You can file ITR u/s 139(8A) if income is above 2.5 lakhs.
Also in case of tax payable you have to pay 125% of tax amount.
In case of refund, you can't opt for return u/s 139(8A) because refund will not be allowed in case of return u/s 139(8A).
Also in case of tax payable you have to pay 125% of tax amount.
In case of refund, you can't opt for return u/s 139(8A) because refund will not be allowed in case of return u/s 139(8A).
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 22 February 2023
You can also visit the department and get notice under section 147/148 and ITRs can be filed based on the notice reference nos
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