23 March 2026
Dear Sir, I want to file updated ITR-3 Sfor AY 21-22 but my total income well below 250000. I think I can still file with 1000 penalty by showing increased income of more than 250000 but less than 500000 by 31st March,2026. My meagre income was as follows:
Savings bank interest: 2700 Equity STCG: 3000 Speculative income: 70
Can some esteemed CA or learned person from this forum help me to advice which type of income can I show in ITR in IFOS schedule which isn't getting reflected in AIS but to file to keep clean track records of ITR filing in the eyes of ITD? Thanks a lot
23 March 2026
• You should NOT file ITR-U by inflating income • Your income is below ₹2.5 lakh → no filing obligation • ITR-U is only for correcting real missed income, not for record creation • Best approach: start regular voluntary filing from current years