REGARDING ITR U
This query is : Resolved
09 January 2026
Assessee's Income U/S 194JB was 2,42,860/- with refund credited of 33,800/- ITR-1 was filed mistakenly. Now it is to be updated to ITR 4 in ITR U as the income is to be shown U/S 44ADA with penalty of 1000/- by showing income above 3,00,000/-
Will the demand for TDS refund will arise of the amount which was already credited and if yes, is there any way to carry forward the TDS refund or to retain the refund or so ?
Will the demand for TDS refund will arise of the amount which was already credited and if yes, is there any way to carry forward the TDS refund or to retain the refund or so ?
09 January 2026
Yes — demand will arise for the refund already credited.
No — refund cannot be retained or carried forward.
Refund will be adjusted and recovered with interest.
ITR-U always results in net tax outflow.
No — refund cannot be retained or carried forward.
Refund will be adjusted and recovered with interest.
ITR-U always results in net tax outflow.
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