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ITR U ay 22-23

27 April 2023

Trying to file updated return of non resident for ay 22-23
he has income less than 2.5 lacs. original return not filed by him earlier.
1. can we file the return just by paying 234f penalty or do we need to offer additional income?
2. Because while filling the form ITR2 234f is not getting auto populated. only if additional income offered, then only tax and 234f getting auto populated.

SO please clarify only with paying 234F penalty can we file UPDARED return? is it possible?

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5 Replies

Mahesh Shah (2299 Points)
Replied 27 April 2023

ITR u to be filed only if tax is payable.....on 2.5 as u have described....is not taxable....so ITR is not getting auto populated

Sreevidhya V (339 Points)
Replied 27 April 2023

Ok. thank your for the reply
in case of resident individual, rebate is there upto 5 lacs. so cn we file itr u for income from 2.5 to 5 lacs? no tax only 234f will be there. pls confirm

Mahesh Shah (2299 Points)
Replied 27 April 2023

ITR u to be filed ONLY in case of tax liability or missed/ underreported income .... please understand this concept

sabyasachi mukherjee (26185 Points)
Replied 28 April 2023

Yes you can file no need to pay any penalty.

Learner (Salaried) (36 Points)
Replied 10 July 2023

My query is for the same period / FY 21-22 (AY 22-23). I am salaried with TDS @ 30% (per Old Regime) along with Capital Gains ( Equity / Debt MFs ) earned during FY 21-22.

No ITR has been filed for this period. Neither Original, Nor Belated. But I had made payment of Self Assessment tax, due to which tax deposited is more than my tax liability.

Now, as I am trying to file ITR U for this period ( AY 22-23 ), the Tax Advocate, whose help I am seeking, tells me that ITR U cannot be filed since refund is not allowed (as tax deposited is greater than tax liability) and that I would have to increase my tax liability by showing additional income to be able to file ITR U. I am not sure how I can increase my tax liability when I don't have any other income for this period.

Based on above, request for guidance on following queries : 1) Whether I can file ITR U ? 2) Whether any additional charges, such as penalty etc., are payable, considering that tax deposited is more than my tax liability for this period (AY 22-23) ?