What is the due date to file updated return for AY 2022-23. is ot 31st march 2025 or 31st march 2027 as per the latest finance act amendment.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195391 Points)
Replied 27 March 2025
Proposed Changes (Effective from April 1, 2025):
- Time limit extended from 24 months to 48 months.
- Revised Additional Tax Rates Payable:
-
- Within 12 months – 25% of total tax & interest.
- After 12 months but within 24 months – 50% of total tax & interest.
- After 24 months but within 36 months – 60% of total tax & interest.
- After 36 months but within 48 months – 70% of total tax & interest.
So, if filed on or before 31.03.2025, penalty would be just 50%...
Recent Topics
- Bg claim period charges
- TDS deducted u/s 194N but showing as 194NF in 26AS
- Traces - Unable to register
- Partner required for 10 yr old firm on fix basis
- Are sec 73/74 dependent on other sections?
- Non GST Declaration is Compulsorry
- Assignment work for CA
- What is TDS rate on Director remuneration payable
- AI in Audit: How Artificial Intelligence is Changi
- Regarding non filing of GSTR-9C (but GSTR-9 filed)
Related Threads
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
