Updated return of refund (ITR not filed earlier)
This query is : Resolved
Nandakumar Konkar
(Querist)
28 October 2024
Asseesee has not filed ITR's for AY 2023-24 & 2022-23, for which updated ITR can be filed in AY 2024-25. But he has a refund. Can he file updated ITR? Alternately, if updated ITR cannot be filed, can he file NIL ITR by not claiming TDS credit?
Kindly help.
CA Konkar
Kindly help.
CA Konkar
Dhirajlal Rambhia
(Expert)
28 October 2024
Updated return cannot be filed if your net tax liability is lesser than the taxes paid. In other words updated return cannot be filed for refund cases; but for such cases ITR can be filed u/s. 119(2)(b) IT act after getting permission from your jurisdictional ITO.
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