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Issue ID : 119468
- 0 -

FILING OF INCOME TAX RETURNS

Date 13 Dec 2024
Replies2 Answers
Views 700 Views

My client is the wife of deceased bank Manager who expired during November 2019. She received the death benefits of her husband to the tune of Re.1 crore. She did not file any return. The Department issued notice during March 2024 showing her fixed deposits in the bank and the said amount has escaped assessment. She filed reply through her auditor attaching the death certificate of her husband, the certificate of employer's showing the details of death benefits which are almost exempted. It was requested on the basis of the documents to withdraw the notice. When this matter comes to me I arranged to file the income tax return for the AY 2025-26. But the income tax return for the previous years could not be filed. What is the remedy in this case?

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Replied on Dec 19, 2024
1.

The return can be filed in response to notice u/s 148 i.e. reassessment proceedings.

However, ITR-U can be filed u/s 139(8A), for AY 2022-23 and AY 2023-24, provided there must be tax liability.

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Replied on Dec 19, 2024
2.

Thank you.  I am going to file ITR U

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