Missed disclosing foreign assets in your ITR? Here’s the additional tax under ITR-U

Income Tax 1961 ITR Filing
8

Hey @cvijay,

No, there’s no remedy through ITR-U in this case.

Since ITR-U is allowed only when it results in additional tax payable, you can’t use it if there’s no extra tax liability (even if you’re willing to forgo the refund).

For foreign income where TDS/WHT exceeds the tax liability, the only way to claim credit or even report it properly is to:

  • File the ITR within the original/revised due date, and
  • Submit Form 67 before filing the return.

Once those deadlines are missed, ITR-U doesn’t provide a workaround.

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