This discussion addresses the issue of missed deductions like Section 80C and 80TTA on the AY 2021-22 tax return, leading to potential financial loss. Participants are exploring options such as filing a revised return, rectification through the Assessing Officer (AO), or faceless appeals, though the deadline for revised returns has passed. Challenges arise when matters are with the CPC, limiting the AO's jurisdiction, and technical glitches during filing are also highlighted as a cause for concern.
But updated return is filed to pay taxes only & that too with penelty....& only income if any missed can be shown....here in our case....matter is to claim deduction....so can u specify how updated return will work?
I want to know that a person file his return for 20-21 and charge depreciation in balance sheet from fixed assets but such depreciation is not shown in p/l account and sch DPM/DCG IS NOT FILLED.WHAT TO DO NOW AND HOW TO change it.bcz last date to revise return is gone now. can updated return be filled in that case.