Tds adjustment query for A. Y. 2021.22

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This discussion clarifies how to use a TDS amount of Rs. 85,000 against your tax liability for the Assessment Year 2021-22 when filing an ITR-U. You can adjust the TDS if there's a tax liability, but you cannot file an ITR-U if it results in a refund. In such cases, a condonation request under section 119(2b) is recommended. If you haven't filed the original return and wish to file an updated return, you can do so after adjusting TDS and paying any additional tax due.

deepak

deepak (Querist)
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02 December 2022 One client have tds amount of Rs. 85000 in A.y. 2021.22. so at the time of income tax filingof ITR-U form for A Y. 2021.22. can we use tds amount of Rs. 85000 against tax liability for that year??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 December 2022 Yes, you can; but if there is any refund you cannot file ITR U.
For that better proceed with condonation request u/s. 119(2b) of the act.

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deepak

deepak (Querist)
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02 December 2022 In our case we have not filed return for a y. 21.22 and now want to file updated return and after adjusting tds will pay tax amount.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 December 2022 If there is any additional tax liability, in that case you can file updated return.

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