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Updated ITR for TDS deducted

Ashish (Chartered accountant) (181 Points)

12 October 2024

Dear Experts,

If Someone received income under 194 A and also TDS has been deducted for A.Y 2023-24 , and on due date no ITR has been filled, then can he file now under belated ITR ?

Thank you

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9 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177449 Points)
Replied 12 October 2024

Belated return u/s. 139(4) IT act for AY 2023-24 could have been filed on or before 31.12.2023.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177449 Points)
Replied 12 October 2024

Updated return u/s. 139(8A) IT act, can be filed only if there is any additional tax liability.

Ashish (Chartered accountant) (181 Points)
Replied 12 October 2024

Its the first time to file ITR for AY 2023-24 and TDS has been deducted, then is he eligible for file ITR under Update ITR ?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177449 Points)
Replied 12 October 2024

Yes, only if there is any additional tax liability,

No, if refund due...

MPR Sanjay Kumar (3114 Points)
Replied 12 October 2024

@ Honourable Dhiraj sir, as per GST current rules what is the ITC input tax credit claim due date give me a some examples for currently now with practical year examples ITC climb lost due date

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Ashish (Chartered accountant) (181 Points)
Replied 13 October 2024

TDS has been deducted 2000 aprox and if income shows more than 5 lakh, tax become more higher.

is there any way to show income below 5 lakh even without claiming any refund?

and if have to pay tax in tht sanerio then which regime will be beneficial old or new ?