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)
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14 April 2023 Sir,

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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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)
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14 April 2023 Sir,
Thank you very much. Please can you elaborate.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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14 April 2023 First clear the doubt, whether you have any tax liability or refund?

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