Section 139 (8A)

If Return was not filed earlier for A. Y. 21-22 and now want to file UPDATED RETURN with No tax liability then can I file the return or not.
Pls clarify
Replies (8)
Quick Summary
This discussion explores whether an updated return (Section 139(8A)) can be filed for AY 2021-22 if there was no initial filing and there is no tax liability. While some suggest it's possible if income is below the basic exemption limit, others indicate that penalties for late filing might apply, preventing a 'nil' updated return. Clarification is sought on the conditions and any new features related to this section.

If it is above BEL then you can file
If you want to file nil return ITR U won't allow for filing because it has to levy penalty under section 40 for the late filing based on the period of delay.
If the due date is over and it is above basic threshold limit then you can easily file your return of income.

Yes, you can file ITR-U even if the income is below the exemption limit. 

 

No you can't
Few new features are added to 139(8A)
YES YOU CAN FILE THE RETURN FOR AY 21 22 AND NOW WANT TO FILE UPDATD RETURN FOR A SINGLE YEAR.
Where is new features????

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