Refund of previous years

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This query is : Resolved

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

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