ITR: The earnings tax division has made it clear that the deadline to file earnings tax returns won’t be prolonged
The final date for submitting earnings tax returns (ITR) is July 31, i.e Sunday. The earnings tax division has made it clear that the deadline won’t be prolonged, and has requested the tax payers to file their returns earlier than the deadline to keep away from any effective. A number of residents have taken to social media and interesting to the earnings tax division to increase the deadline utilizing hashtag #Extend_Due_Date_Immediately.
“Folks thought the routine now’s that dates can be prolonged. In order that they had been just a little gradual in filling the returns initially however now each day, we’re getting between 15 lakhs to 18 lakh returns. This can barely go as much as 25 lakh to 30 lakh returns,” income secretary Tarun Bajaj had advised PTI.
On Friday, the earnings tax division took to Twitter to remind the tax payers concerning the final date for submitting their returns. “Over 4.09 crore ITRs filed until twenty eighth July, 2022 & greater than 36 lakh ITRs filed on twenty eighth July, 2022 itself. The due date to file ITR for AY 2022-23 is thirty first July, 2022. Please file your ITR now, if not filed as but. Keep away from late price. Pl go to: http://incometax.gov.in,” the earnings tax division tweeted.
ALSO READ: The best way to file ITR on-line? Here is a step-by-step information
If submitted earlier than due date, there are a number of advantages related to submitting earnings tax returns on time. The tax payers will get simple approval of loans, much less tax on future earnings and faster visa.
Final fiscal (2020-21), about 5.89 crore ITRs had been filed by the prolonged due date of December 31, 2021.
ITR submitting is an annual exercise seen as an obligation of each accountable citizen of the nation. Taxpayers can declare the refund of the surplus tax paid/deducted throughout a monetary 12 months by submitting it.
The I-T division has established an impartial portal for e-filing of earnings tax returns — incometaxindia.gov.in. Moreover, there are specific personal entities, registered by the Revenue Tax Division that permits taxpayers to e-file via their web sites.
Shut Story