ITR Filing AY 2022-23: The date of filing Income Tax Return for the Financial Year 2021-22 and Assessment Year 2022-23 will not be extended beyond 31st July 2022. Revenue Secretary Tarun Bajaj has given this information. He said that the government is not considering extending the deadline for filing income tax returns beyond July 31.
ITR deadline will not increase
, it is clear from the statement of the Revenue Secretary that the deadline for filing income tax returns will not be extended. If you are not filing income tax return thinking that because the government can increase the deadline, then do not make such a mistake. Otherwise you may have to pay penalty for late filing of return. In a tweet by the Income Tax Department on July 20, 2022, it was told that more than 2 crore taxpayers have filed returns so far. The Income Tax Department has requested the taxpayers that if the return has not been filed yet, then file the return soon.
The deadline has increased in the last two years, in
fact, the last date for filing income tax returns for the last two assessment years 2020-21 and 2021-22 was July 31. But in 2020-21, due to the lockdown imposed due to Corona epidemic, the last date for filing income tax return was extended, then in 2021-22 due to difficulties in filing returns for taxpayers in the new income tax portal. The deadline was extended till December 2021. However, the possibility of extending the date of ITR filing by the Income Tax Department in the assessment year 2022-23 seems slim. So don’t delay in filing income tax return. However, 4 crore taxpayers are still yet to file their returns.
Penalty for Late Filing of
ITR But if the annual taxable income of the taxpayer is less than Rs 5 lakh, then penalty fee of Rs 1,000 will have to be paid.
