Regarding ITR U

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Income & Corporate Tax Lawyer
383 Points Posted on 03 January 2023
Can we file loss return through ITR U.
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On 03 January 2023 at 19:51 Report
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Quick Summary
This discussion clarifies the conditions for filing an updated Income Tax Return (ITR-U). It confirms that ITR-U cannot be used to file a return with losses if there is no tax liability. However, it can be used to correct previously filed returns or for unfiled returns from the last two assessment years, provided there is a tax payable.

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Own Business
496 Points Posted on 03 January 2023
Not allowed to file itr u with loss
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On 03 January 2023 at 20:51
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CFO- at NHTF
58280 Points Posted on 03 January 2023
Is there any tax payable for other income ?

ITR U can be filed only if there is tax liability
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On 03 January 2023 at 23:01
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Profession
28261 Points Posted on 04 January 2023
Itr U IS BEING IMPLEMENTED WHERE WE HV NOT FILED RETURNS FOR THE LAST PREVIOUS TWO YEARS.
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On 04 January 2023 at 12:26
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CFO- at NHTF
58280 Points Posted on 07 January 2023
ITR U can be filed even if the return is already filed
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On 07 January 2023 at 11:30

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