Health and education cess (budget 2022)
This query is : Resolved
03 February 2022
Sir,
In the budget 2022, it was held that the cess is not an allowable expenditure with retrospective effect.we have filed returns claiming such cess for AY 2020-21 and AY 2021-22 too.
Can you kindly suggest what will be the possible course of action to be taken in this regard. Can we file revised for the AY 2021-22 or is there any chance that those returns will get processed as few of the returns for AY 2020-21 were already processed.
In the budget 2022, it was held that the cess is not an allowable expenditure with retrospective effect.we have filed returns claiming such cess for AY 2020-21 and AY 2021-22 too.
Can you kindly suggest what will be the possible course of action to be taken in this regard. Can we file revised for the AY 2021-22 or is there any chance that those returns will get processed as few of the returns for AY 2020-21 were already processed.
03 February 2022
Once the bill is passed and becomes act, department itself may reprocess the ITRs. Assessee need not revise it.
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