Special Festive Offer: 10% OFF Across All CCI Pro Membership Plans. Subscribe Now!

ITR U for NRI

644 views

Save Share

Join Us Follow Us Add as Source

shivani

student

79 Points Posted on 01 February 2024

Can NRI (Not Ordinary) file the ITR U of back years and carry forward the TDS refund to next year??

Replies (7)

Quick Summary

This discussion explores whether Non-Resident Indians (NRIs) can file the Income Tax Return-Utility (ITR-U) for previous years and claim TDS refunds. While ITR-U allows for filing updated or belated returns without penalties, it generally does not permit claiming TDS refunds. However, some suggest carrying forward the TDS refund to the next financial year and claiming it in a future ITR, though this is debated.

Saravanan nagaraj

332 Points Posted on 01 February 2024

ITR-U return was introduced for Tax Payer who missed their ITR return without any consequences of additional taxes, penalty or interest.

Anyone can file ITR-U 8A, tax return after extended due date by IT dept which was over.

ITR-U can be filed as a updated return or belated return. You can file a request of contonation filling to your AO or ITO. But, there is no opportunity to get refund of your TDS.

In case, the tax official approved your tax filling with tax refund with proper reason. You can file your return. Most of the cases, Tax Payer should appear in person or approach someone or tax experts. Give them an authorization to appear in front of IT officials.

Thanks