can I file ITR U for the financial year 2021-22
tax liability 70000
tds 25000
tax to pay 45000
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ITR U Filling AY 2022-23
Replies (7)
Quick Summary
Yes, add 25% penalty over the tax payable.
Sir in this example how to calculate penalty on tax
The utility will calculate tax payable with penalty, so need not worry for exact amount.
Approximately it will be 45000+ 25% over it + 5000/- late fees u/s. 234F of IT act.
ITS NOT PENALTY . NON FILING OF RETURNS DOES NOT ATTRACT TAX.IF YOU HV PAID TAX LIABILTY THEN IT DOES NOT AFFECT YOU.
Iam facing an issue while filling ITR 3 - Schedule S . unable to type pincode . Even though pincode is correct.
A pop up messages appears stating Pincodeincorrect
Remove the details of employer completely, & refill it.
Meanwhile which ITR you are filing?
For Which assessment Year?
Tax payable = 25% of (Tax+interest under section 234A/B/C)+ 5000 if income exceeds 5 lac
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