Non filling of ITR - V

For the A.Y. 2021-22 IT return had not been filed but taxes and 3CB-3CD has been filed within due date. Whether there is any chance to file the IT return for the A.Y. 2021-22 (F.Y. 2020-21)
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Quick Summary
If you filed your taxes and Form 3CB-3CD for AY 2021-22 but missed filing the ITR-V, you may still have options. You can likely file an Updated Return (ITR-U), which is expected to be available soon. Be aware that filing an updated return will require paying the computed tax plus an additional 25% or 50% penalty.

You can file Updated ITR-U. Same will be available soon .
You can file updated return but you have to pay 25% of tax or 50% of tax , in addition to the tax computed under normal provisions of the act

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