ITR U Filing - Reporting of Refund Claimed in Original ITR while filing ITR U

[PRIYACHARAN SR]

Querry Related to ITR U Filing AY 23-24

Facts:

1) Refund Claimed in Original ITR - Rs. 40,000

2) Tax payable as per ITR-U - Rs. 10,000

Querry

While Filing ITR U, There is a column in ITR U, to report Refund claimed as per Original ITR.

Assesee hasn't recd refund of Rs. 40,000 till date, claimed in original ITR.

Should we report Refund claimed data in ITR U?

If i Report refund claimed data in ITR-U, the tax payable is mounts upto Rs. 50,000 (40,000+10,000).

Please guide.

[DR.MARIAPPAN GOVINDARAJAN]

Yes. you should report the refund claimed data in ITR-U and the pay the tax due.  I hope that the excess amount will be refunded to you.

AI Summary

Reporting of previously claimed refund requires disclosure in ITR U and payment of tax due, with any overpayment refundable.
The operative obligation requires disclosure of the refund claimed in the original ITR when filing ITR U so the revised computation accounts for that claimed refund and any additional tax liability; the assessee must pay the tax due shown in ITR U, and any resulting overpayment can be recovered through normal refund procedures.