Income Tax Department Big Announcement: Will ITR filing date be extended beyond July 31? check announcement immediately

The last date for filing Income Tax Return ( ITR ) is set to end on July 31. If you come under the tax net and have not filed ITR yet, then get this work done immediately. If you file ITR after the due date , then you will have to pay a fine. Therefore, the Income Tax Department is constantly asking taxpayers to file ITR on time. People expect that like every time the government will increase the deadline ( ITR Filing Deadline Extension ) this year too. A lot of information has been given by the Income Tax Department regarding this.

By July 31, about seven crore ITRs are to be filed, but till July 28, the figure had not even reached five crore. In such a situation, the load on the return filing portal may increase in the last two days and the system may become slow. There are many benefits of filing ITR on time . If your refund is made, then the sooner you file the income tax return, the sooner the refund will come.

date will not move forward

It has been said by tweeting on behalf of Income Tax India that till 28 July 2022, more than 4.09 crore people had filed their ITR . On July 28, more than 36 lakh ITRs were filed. The last date to file ITR for assessment year 2022-23 is July 31, 2022. If you have not filed your ITR yet, do so immediately and avoid late fees.

how much will be the fine

Income Tax India has made it clear in its tweet that by July 31, file ITR and avoid late fine. This means that for filing ITR from August 1, a fine will have to be paid. You can avoid this by filing your return on time.

Filing ITR after the deadline may attract a penalty. For filing returns after the deadline, a late fee of Rs 1,000 will be levied on income of Rs 5 lakh or less. Late fee will be Rs 5,000 for income above Rs 5 lakh. This amount can go up to Rs 10,000.

File your own income tax return

To fill ITR, you have to log on to the Income Tax Department website with the help of user id and password. For filing Income Tax Return ( ITR ), you will need PAN Card , Aadhar Card , Bank Account Number, Investment Details and Form 16 or Form 26AS.