Income Tax Return AY 2022-23: If you have not yet filed income tax return, then you can now file income tax with late fee till 31st December. Actually, the last date for filing income tax return was July 31.
Let us tell you that the filing of Income Tax Return for the financial year 2021-22 and assessment year 2022-23 had started from June 15, 2022. which ended on 31 July. Along with this, the government made a big announcement regarding the filing of income tax.
Government told the deadline
Actually, like the last two years, this time also the last date for tax filing was expected to be extended, but now the government has not extended it. If you do not fill it before the deadline, then you will have to pay a penalty. On the other hand, the last date for filing income tax returns for those who require audit is October 31, 2022. That is, it is mandatory for such people to pay tax before 31 October.
File your return before 31st October
It is noteworthy that the last date for filing income tax returns without any late fee for the financial year 2021-22 and assessment year 2022-23 was July 31, 2022, while the deadline for filing tax with late fee is December 31. That is, now you will have to pay interest on tax along with penalty under section 234A and under section 234F of income tax.
Department issued new rule
Along with this, the department has also issued a new rule. According to this, these rules have been applied to the taxpayers who filed their income tax return on or after August 1. According to the new notification of CBDT, the date of furnishing the return electronically will now be considered as the same when Form ITR-V is submitted within 30 days from the date of transmission of data electronically.
Detailed deadline for filing ITR
It is worth noting that the last date for filing income tax return for personal HUF was July 31, 2022. At the same time, the last date for filing income tax returns for those who require audit is October 31, 2022. And for those who have business and in which TP report is required, the last date for filing income tax return is November 30, 2022. That is, the department has introduced a deadline for all types of income tax payers, if you do not pay tax before the deadline, then you will have to pay a penalty.
