This discussion explores the use of ITR-U for correcting errors in filed Income Tax Returns (ITRs). It addresses a specific case where an incorrect additional income was included, potentially impacting a refund. While ITR-U is generally for revisions, its use for rectification, especially when it leads to a decrease in taxable income or affects a refund claim, is debated.
21 July 2022
Can we use ITR U for revice my ITR. My ITR has been filed with an additional income, which is not earned by me. Tax return preparer has takan all income appeared on my 26 AS and the same include an income which is not earned by me. How it possible to rectify the same. Filed on AY 21-22