REGARDING ITR U

This query is : Resolved

Suresh S. Tejwani (Querist)
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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 ?

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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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.

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