With the deadline to submit earnings tax returns (ITRs) for monetary yr 2021-22 and evaluation yr 2022-23, i.e. July 31, approaching, residents, who’re but to shut their returns because of technical points, together with with the e-filing portal itself, have taken to Twitter demanding that the due date be instantly prolonged.
That the Union authorities is unlikely to increase the deadline this yr has solely added to the taxpayers’ headache.
Additionally Learn | ITR submitting: No plan to increase deadline for submitting earnings tax returns, says Income Secretary
Taking to Twitter, customers have pointed to points reminiscent of tedious strategy of submitting the returns, glitches within the IT division’s portal, problem in downloading types, amongst others, as the explanation why the due date for submitting returns ought to be prolonged.
Hashtags reminiscent of ‘Prolong Due Dates’, ‘Prolong Due Date Instantly’, and so forth. are trending extensively on the social networking web site.
In 2020 and 2021, the deadline was prolonged as a result of raging Covid-19 pandemic.
Additionally Learn | Revenue Tax Returns: Find out how to file ITR on-line? Here is a step-by-step information
In the meantime, the Revenue Tax division mentioned on Friday that until July 28, it had obtained greater than 4.09 crore returns, together with as many 36 lakh on July 28 itself.
Penalty for late ITR submitting
These closing their returns after the due date shall be required to pay a high-quality, or late charge, of ₹5,000 if their taxable earnings exceeds ₹5 lakh, and ₹1,000 if lower than ₹5 lakh.
