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ITR U for 21-22

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669 Points Posted on 16 August 2022
MY Client has inadvertently forgot to disclose long term capital gains in A.Y. 21-22.shall he now file ITR U.
by filing ITR U he will get refund. shall he do so
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On 16 August 2022 at 18:34 Report
Replies (17)
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2478 Points Posted on 16 August 2022
IITR U is for paying tax...not for claiming tax
4 Reply
On 16 August 2022 at 18:48
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CFO- at NHTF
58280 Points Posted on 16 August 2022
Refund can be availed since 234F is applicable. Indirectly tax payment is there in ITR U
59 Reply
On 16 August 2022 at 18:55
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Profession Business
28207 Points Posted on 16 August 2022
Itr U is not only for payìng tax
44 Reply
On 16 August 2022 at 19:19
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669 Points Posted on 16 August 2022
Already paid tax. but due to LTCG AFTER ADDITIONAL TAX HE WILL GET REFUND
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On 16 August 2022 at 19:26
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GST Practitioner & Accounts
15093 Points Posted on 16 August 2022
In Case of refund, you have to file return, under Section 119(2)(b) of the Income tax act, after Condonation of delay ,( approval from CIT) .
ITR U is for payment of Tax not for refund.
24 Reply
On 16 August 2022 at 19:30
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2478 Points Posted on 16 August 2022
How can condonation of delay can be filed when return is filed ?
4 Reply
On 16 August 2022 at 19:52
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GST Practitioner & Accounts
15093 Points Posted on 16 August 2022
Oh, he already filled return , mistake by me due to oversight . please do not consider my reply.
24 Reply
On 16 August 2022 at 20:05
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Chartered Accountant
86505 Points Posted on 16 August 2022
ITR-U can't be filed in case of refund
814 Reply
On 16 August 2022 at 20:24
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CFO- at NHTF
58280 Points Posted on 17 August 2022
I have filed ITR U with refund..Late fee u/s 234F takes care of tax payment and final outcome doesn't matter whether it is refund or tax liability
59 Reply
On 17 August 2022 at 00:09
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Chartered Accountant
86505 Points Posted on 17 August 2022
Yes but refund will not be allowed. If you are filing ITR-U for refund then you must filed it through condonation mode
814 Reply
On 17 August 2022 at 21:19
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CFO- at NHTF
58280 Points Posted on 20 August 2022
Check once ITR U can be filed with refund
59 Reply
On 20 August 2022 at 16:08
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Chartered Accountant
86505 Points Posted on 21 August 2022
Return will be filed but refund not allowed.

If assessee want refund then he has to choose condonation of delay mode
814 Reply
On 21 August 2022 at 00:07
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2 Points Posted on 23 August 2022

In case of reduced Refund in updated return we can file updated return ? In original return refund is already credited with internet 

Reply me Anyone 

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On 23 August 2022 at 00:03
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Chartered Accountant
86505 Points Posted on 23 August 2022
Yes you can file with reduced refund but the difference in refund amount with interest need to be pay with interest & 25% penalty
814 Reply
On 23 August 2022 at 19:52


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