10 June 2023
While filing of ITR-U for AY 21-22, I have taken the income as displayed in Form 26AS in my ITR but I dont want to claim the TDS deducted as refunds are not allowed while filing ITR-U. However I have paid the late fee as applicable u/s 234F of Rs. 1000. I have a TDS credit of Rs. 1700 , but i dont want to claim the credit, however I have declared the corresponding income in my ITR. Will it be the correct way to file the ITR or there may be an issue while processing the ITR-U?
10 June 2023
In such a case no need to file ITR U. It will not be the correct way to file ITR U. Only in case of tax payable ITR U can be filed. No issues in the already filed ITR.
10 June 2023
Sir good evening. This is a follow up query. Sir kindly allow me to clarify, the original return was not filed and ITR-U is being filed as the original return was not filed and the assessee is in need of ITR for the purpose of bank loans. Can the ITR-U be filed under the said circumstances
CAclubindia
