Late fees applicable January -23 below limit

This discussion addresses whether late fees apply to tax returns filed in January 2023 for the financial year 2021-22, particularly for individuals with income below Rs 2.5 lakhs. While the original filing deadline was December 31st, it's clarified that an updated return under section 139(8A) is possible, though an updated return without tax payable might not be applicable in this specific scenario.