INCOME TAX FILING FOR FY 2021-22

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The due date for filing Income Tax Returns (ITR) for FY 2021-22 has passed. However, you can still file an updated return if tax is payable, though it will incur an additional 25% tax. For cases where a refund is due, filing an ITR after the deadline requires condonation approval from the CIT.

MATTA CHANDRA SEKHAR

MATTA CHANDRA SEKHAR (Querist)
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14 April 2023 Sir,
Please explain terms and conditions in brief for all the situations.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 April 2023 Due date for filing ITR for FY 2021-22 is over. You can file updated return by paying extra 25% tax. Such return can be filed only in case of tax payable.
In refund case ITR can be filed with condonation approval from CIT.

MATTA CHANDRA SEKHAR

MATTA CHANDRA SEKHAR (Querist)
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15 April 2023 THANK YOU VERY MUCH SIR

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 April 2023 You are welcome...
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