ITR - U REFUND QUERY

This query is : Resolved

Suresh S. Tejwani (Querist)
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10 February 2023 MR. A HAVE RS. 12000 TDS IN HIS 26AS , CAN MR. A REDUCE HIS PENALTY OF RS. 1000 BY ADJUSTING FROM TDS RS. 12000 AND FILE ITR ?
OR HE NEED TO PAY PENALTY OF RS. 1000 ALSO ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 February 2023 What is net tax liability before penalty of Rs. 1000/-?
Whether ITR was filed earlier?

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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10 February 2023 ITR WAS NOT FILED EARLIER AND TOTAL INCOME IS APPROX 4,50,000 HENCE TO TAX LAIBILITY AFTER 87A

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 February 2023 There being refund of tax, you cannot file updated ITR.
There should be some tax liability to file ITR U.
You can file ITR u/s. 119(2)(b) of IT act.

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Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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10 February 2023 IF Only Claim TDS of Rs. 900 and pay Rs. 100
then ITR can be filled ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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10 February 2023 Then what about the excess TDS amount of 12000-900? Where to adjust it?

Suresh S. Tejwani

Suresh S. Tejwani (Querist)
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11 February 2023 will not claim tds since we can not claim tds refund in ITR- U.
then can we file ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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