Updated Return Eligibility and Deduction under Chapter VIA

This query is : Resolved

CHANDRAMOHAN (Querist)
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29 August 2022 If assessment is pending or completed then assessee is not eligible for filing updated return.

If assessee received intimation having some demand then can it be said assessment is pending or completed and assessee is not eligible for filing updated return?

If assessee file updated return and disclose some additional income which are eligible for deduction under chapter VI A, can assessee claim it by disclosing additional income in updated return?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 August 2022 Assessee is eligible to file ITR U as assessment is completed.
Yes, but some tax should be payable.

CHANDRAMOHAN

CHANDRAMOHAN (Querist)
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29 August 2022 Thank You for quick response.

One thing not clear:
Provision:
If assessment is pending or completed then assessee is not eligible for filing updated return.

Fact:
assessee received intimation having some demand

Query:
can it be said assessment is completed

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 August 2022 Yes, it may be taken as assessment completed.
Assessment is completed ITR U can be filed.

CHANDRAMOHAN

CHANDRAMOHAN (Querist)
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29 August 2022 But sir it is clearly given in the provision that if assessment is completed then assessee is not eligible for filing ITR U

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 August 2022 Assessment is under process only ITR U can't be filed.
Check it again.