Regarding ITR - U


This query is : Resolved 

Quick Summary
Yes, you can file an updated Income Tax Return (ITR-U) to reduce your originally claimed refund. This is possible from April 1st, 2023, for the Assessment Year 2022-23. The net tax payable on the ITR-U will be your total tax liability minus the tax paid in the original return, which includes advance tax and TDS, less any refund claimed.

31 December 2022 Can we reduce refund from the originally filed ITR and file ITR - U with the corrected amount of refund ?

31 December 2022 Net Tax payable (under ITR U) will be total tax liability less tax paid by original return (multiply by penalty)
Here tax paid by original return will be total of advance tax plus TDS less refund, if any.

02 January 2023 Yes, 139(8A) return with reduced refund can be filed from 01-04-2023 for AY 2022-23.


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