can anyone file his ITR for a/y 22-23 now? his income is below exemption limit.
Replies (3)
Quick Summary
This discussion clarifies the possibility of filing an Income Tax Return (ITR) for the assessment year 2022-23. While the deadline for belated returns under section 139(4) has passed (31st December 2022), options like filing under section 139(8A) with late fees until March might be available. For those with refunds due, a condonation request under Section 119(2)(b) is also mentioned as a potential avenue.
No, the last date to file belated return u/s 139(4) is before three months prior to the end of the relevant assessment year or before the completion of assessment whichever is earlier.
In our case, assessment proceedings have not yet started. Therefore we have to file before 31.12.2022