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Itr u for assessment year 2022-23

RAMESH D MODI (Proprietor) (4869 Points)

30 March 2023

can I file itr u for assessment year 2022-23 on 1st April 23?

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4 Replies

CA Aakarsh Jain (CA) (10431 Points)
Replied 30 March 2023

Yes you can .

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RAMESH D MODI (Proprietor) (4869 Points)
Replied 30 March 2023

Thanks Akarsh ji

CA Aakarsh Jain (CA) (10431 Points)
Replied 01 April 2023

Welcome 🙂

Learner (Salaried) (36 Points)
Replied 07 July 2023

My query is for the same period / FY 21-22 (AY 22-23). I am salaried with TDS @ 30% (per Old Regime) along with Capital Gains ( Equity / Debt MFs ) earned during FY 21-22.

No ITR has been filed for this period. Neither Original, Nor Belated. But I had made payment of Self Assessment tax, due to which tax deposited is more than my tax liability.

Now, as I am trying to file ITR U for this period ( AY 22-23 ), the Tax Advocate, whose help I am seeking, tells me that ITR U cannot be filed since refund is not allowed (as tax deposited is greater than tax liability) and that I would have to increase my tax liability by showing additional income to be able to file ITR U. I am not sure how I can increase my tax liability when I don't have any other income for this period.

Based on above, request for guidance on following queries : 1) Whether I can file ITR U ? 2) Whether any additional charges, such as penalty etc., are payable, considering that tax deposited is more than my tax liability for this period (AY 22-23) ?