Refund of previous years

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This discussion explores the possibility of filing belated Income Tax Returns (ITRs) for previous assessment years (AY 22-23 and AY 23-24) to claim TDS when no return was initially filed. The consensus is that a standard ITR-U cannot be used for this purpose unless there's an additional tax liability. While filing a late return with a penalty might seem like an option, it's clarified that TDS cannot be carried forward using the ITR-U facility.

Satish Mehra

Satish Mehra (Querist)

24 July 2024 what if the assessee has never filed return but TDS was deducted in the previous year's.

Can we file return for AY 22-23 and AY 23-24 as ITR-U and carry forward the income and tds
then file current years AY 24-25 ITR and claim all previous TDS at once...

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

24 July 2024 No. ITR U cannot be filed unless there is any additional tax liability.
In your case ITR u/s. 119(2)(b) IT act, can be filed after getting permission from your jurisdictional ITO.

Satish Mehra

Satish Mehra (Querist)

24 July 2024 No i will file it by depositing 1000 rs late fees, it gets processed...
and I will carry forward income and TDS both to current year...
Is it legal

Dhirajlal Rambhia

Dhirajlal Rambhia

(Expert)

24 July 2024 But you cannot carry forward the TDS under ITR U.

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