INCOME TAX FILING FOR FINANCIAL YEAR 2021-22

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This discussion clarifies the process for filing Income Tax Returns (ITR) for the financial year 2021-22. If you are eligible for a refund, you may need to file a condonation request under Section 119(2)(b) of the IT Act before submitting your ITR. For those with a tax liability, the option to file an updated ITR under Section 139(8A) is available.

MATTA CHANDRA SEKHAR

MATTA CHANDRA SEKHAR (Querist)

14 April 2023 Sir,

Please give full details of filing the ITR returns for financial year 2021-22

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

14 April 2023 If there is refund eligible, file condonation request u/s. 119(2)(b) of IT act, and file ITR after getting permission.
But if there is tax liability, file UPDATED ITR u/s. 139(8A) of IT act.

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MATTA CHANDRA SEKHAR

MATTA CHANDRA SEKHAR (Querist)

14 April 2023 Sir,
Thank you very much. Please can you elaborate.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

14 April 2023 First clear the doubt, whether you have any tax liability or refund?

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