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ITR-U

Luhit Dey (Learner) (51 Points)

20 May 2022

Can a Nil Tax Payer file this return?

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Mallikarjuna Reddy B (Student) (110 Points)
Replied 20 May 2022

No Nil return not permitted

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 20 May 2022

Tax is nil if the income is below 5lacs by availing rebate. So ITR can be filed upto 4.99lacs income with nil tax

rits (Student CA Final ) (98 Points)
Replied 20 May 2022

Whether penalty will be imposed if income is above 2.5 lacs but below 5 lakh?

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 20 May 2022

Section 234F is applicable .1000/- will be the late fees

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sabyasachi mukherjee (27837 Points)
Replied 21 May 2022

Who said tax is NIL below 5 lacs , it's for sr. citizen. For ordinary citizen it depends.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 21 May 2022

Income Act has said me while reading section 87A

CA Rashmi Gandhi (Chartered Accountant) (86500 Points)
Replied 28 June 2022

Updated Return enabled for AY 20-21 & 21-22. Check news section on Income Tax portal.

Eswar Reddy S (CFO- at NHTF) (58275 Points)
Replied 28 June 2022

ITR U live in the portal from today morning

CA Rashmi Gandhi (Chartered Accountant) (86500 Points)
Replied 28 June 2022

Updated Return enabled for AY 20-21 & 21-22. Check news section on Income Tax portal.

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