Filing of ITR-U for AY 2022-23* Many have missed filing belated ITR for AY 2022-23 as the last date is over. However, one can file ITR u/s 139(8A) now for this.

*Filing of ITR-U for AY 2022-23*

Many have missed filing belated ITR for AY 2022-23 as the last date is over. However, one can file ITR u/s 139(8A) now for this. 

*Question:* If my income is upto Rs 5 lakh, can I file ITR? How much tax is payable?

*Answer:* Yes, you can file ITR. No tax is payable in this case, however, you have to pay late fee u/s 234F.

*Question:* Can I file ITR to claim a refund? 

*Answer:* ITR-U cannot be filed if, it is -

1) a loss return

2) results in claiming refund 

*Question:* Who cannot file ITR-U?

*Answer:* In the following cases, one cannot file ITR-U:

👉🏻Search proceeding u/s 132 has been initiated against you

👉🏻A survey is conducted u/s 133A

👉🏻Books, documents or assets are seized or called for by the Income Tax authorities u/s 132A.

👉🏻If assessment/reassessment/revision/re-computation is pending or completed.

*Note-Your views can be different.*

Regards,

*Team: CommerceStuff*