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No extension for filing income tax returns; Here is what you need to know

Government is unlikely to extend the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. Here is what you need to know.

Government is unlikely to extend the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. Here is what you need to know.
No extension for filing income tax returns; Here is what you need to know
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Published : Jul 25, 2022, 8:10 PM IST

New Delhi: It is learnt the government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. The income tax department is expecting at least 1 crore returns to be filed on the last day. Last year, the government received over 50 lakh returns on the stipulated last date.

On Monday, the Income Tax department took to twitter and reiterated that the due date to file ITR for AY 2022-23 is 31st July, 2022. It is pertinent to note that the government, over the last two financial years, had extended the deadline for filing ITRs to ease compliance for taxpayers battling covid pandemic.

According to the Income Tax portal, it has 10,36,43,750 Individual Registered Users, 2,47,87,417 returns filed for the assessment year 2022-2023, 2,04,80,589 returns verified for the same fiscal. It also says that as many as 1,53,31,732 ITRs were processed for the assessment year 2022-2023 (as on July 22, 2022).

How to file your income tax returns online. A step by step guide by the Income Tax department. Simple steps to file your income tax return.
Here is how you can file your income tax returns online.

As per Income Tax rules, the deadline for filing Income Tax Returns (ITRs) of a fiscal by individual taxpayers who do not need to get their accounts audited is July 31 of the subsequent financial year. Through ITR, a person is supposed to submit the tax due to the Income Tax Department of India and can also raise a request for any eligible refund.

Also read: ITR forms for 2021-22 notified; seek details of overseas retirement benefits, PF interest accrual

A typical ITR, will contain information about the person's income and the taxes to be paid on it during the year. The Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer. The tax department's new income tax filing portal is now very robust to take the increased loads and it can be accessed at https://eportal.incometax.gov.in/iec/foservices/#/login.

Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up. Last fiscal (2020-21), about 5.89 crore ITRs (Income Tax Returns) were filed by the extended due date of December 31, 2021.

"People thought the routine now is that dates will be extended. So they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns," the Revenue Secretary was quoted as saying by PTI.

"Last time 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day)," he said. "So far, there is no thinking of extending the last date of filing," he said. Bajaj said the feedback being received from taxpayers is that the return form has become very easy to file and that refunds are also being made in a very quick time.

On some complaining about difficulty in filing returns, he said 2.3 crore people have already filed returns without any complaints. "Previously 50,000 people were filing returns daily and now this number has gone up to 20 lakh. I am confident that returns will go up in the next few days and people will file their returns," he said.

New Delhi: It is learnt the government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31. The income tax department is expecting at least 1 crore returns to be filed on the last day. Last year, the government received over 50 lakh returns on the stipulated last date.

On Monday, the Income Tax department took to twitter and reiterated that the due date to file ITR for AY 2022-23 is 31st July, 2022. It is pertinent to note that the government, over the last two financial years, had extended the deadline for filing ITRs to ease compliance for taxpayers battling covid pandemic.

According to the Income Tax portal, it has 10,36,43,750 Individual Registered Users, 2,47,87,417 returns filed for the assessment year 2022-2023, 2,04,80,589 returns verified for the same fiscal. It also says that as many as 1,53,31,732 ITRs were processed for the assessment year 2022-2023 (as on July 22, 2022).

How to file your income tax returns online. A step by step guide by the Income Tax department. Simple steps to file your income tax return.
Here is how you can file your income tax returns online.

As per Income Tax rules, the deadline for filing Income Tax Returns (ITRs) of a fiscal by individual taxpayers who do not need to get their accounts audited is July 31 of the subsequent financial year. Through ITR, a person is supposed to submit the tax due to the Income Tax Department of India and can also raise a request for any eligible refund.

Also read: ITR forms for 2021-22 notified; seek details of overseas retirement benefits, PF interest accrual

A typical ITR, will contain information about the person's income and the taxes to be paid on it during the year. The Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer. The tax department's new income tax filing portal is now very robust to take the increased loads and it can be accessed at https://eportal.incometax.gov.in/iec/foservices/#/login.

Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up. Last fiscal (2020-21), about 5.89 crore ITRs (Income Tax Returns) were filed by the extended due date of December 31, 2021.

"People thought the routine now is that dates will be extended. So they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns," the Revenue Secretary was quoted as saying by PTI.

"Last time 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day)," he said. "So far, there is no thinking of extending the last date of filing," he said. Bajaj said the feedback being received from taxpayers is that the return form has become very easy to file and that refunds are also being made in a very quick time.

On some complaining about difficulty in filing returns, he said 2.3 crore people have already filed returns without any complaints. "Previously 50,000 people were filing returns daily and now this number has gone up to 20 lakh. I am confident that returns will go up in the next few days and people will file their returns," he said.

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