Respected sir/madam,
I have one query regarding updated return.
Can I filed AY 20-21 updated return, if my net taxable income are below 5 lakhs.
please guide me.
thank you
3 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 19 January 2023
Yes. ITR U can be filed with late fees of 1000/-
Manish
(CA)
(1174 Points)
Replied 19 January 2023
No.
Refer to the video by the IT dept. itself: https://youtu.be/M3UHB2yu6TM?t=99
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 20 January 2023
Below 5lacs 1000/-
Above 5lacs income : 5000/-
These are the late fees as per section 234F and need to pay while filing updated return under section 139(8A)
Above 5lacs income : 5000/-
These are the late fees as per section 234F and need to pay while filing updated return under section 139(8A)
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