ITR-U for AY21-22
This query is : Resolved
Quick Summary
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
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
• 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
24 March 2026
Okay Thank you very much but can you please tell me what's wrong or why it's alarming or what harm it can cause ?
Thank you
Thank you
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- Sale of Mutual Funds In Diffirent Financial Years
- Missed TDS
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Short Term Gain Reporting ITR
- ITC BENEFIT ON BROKRAGE PAID
- Old Traces Portal
- Multiple payment of self assessment tax for A Y 2025-2026
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
