Updated ITR and Refund Claim for FY 21-22

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This discussion addresses how to correctly report ITDS (Income Tax Deducted at Source) in an updated ITR for FY 2021-22, particularly when ITDS exceeds the total tax liability. It clarifies that an updated return cannot be filed if there's a refund claim; it's only for additional tax liability. For situations with excess ITDS and no original ITR filed, the advice is to file a return under Section 119(2)(b) of the IT Act with permission from the ITO to claim the refund.

Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)
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10 December 2024 How to show ITDS in updated ITR 4 for FY 2021-22 ? Because showing actual ITDS, a IT refund claim is generated, which the software does not accept.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 December 2024 You cannot file updated return if you have any refund claim. It can be filed only if there is any additional tax liability.

Mahabir Prasad Agarwal

Mahabir Prasad Agarwal (Querist)
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10 December 2024 Sir, even If I have not filed original ITR ? Suppose ,my Tax liability comes to Rs. 100000/- (including Late Fine/Interest/Addition Tax etc. and my ITDS is 150000/-. Then, how to treat or show the said ITDS in the ITR ? And I do not want to claim IT refund .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 December 2024 As your ITDS is more than total tax liability, you are not eligible for updated return. You can file return u/s. 119(2)(b) IT act by getting permission from your ITO to file return, as such you can get refund back.
Refer: 1. https://www.caclubindia.com/articles/process-for-filing-application-us-1192b-of-it-act-1961-50719.asp
2. https://taxguru.in/income-tax/condonation-delay-filing-income-tax-return-cbdt-section-1192b.html

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