Itr date extension 2022

Synopsis July 31, 2022 is the due date for filing ITR for FY2021-22 for individuals whose accounts don’t need auditing. A belated ITR can be filed after this deadline but with a late filing penalty. With the Twitterati demanding extension of ITR filing, will the government extend it at the last minute? The income tax return (ITR) filing last due date of July 31 for FY 2021-22 has not been extended till now. While the possibility of the government extending the ITR filing due date beyond Jul 31, 2022 will exist till the deadline is actually over, the chances of this happening appear slim It is to be noted that the 1. As per the official figures shared by the As per the tweet, “More than 5.10 crore ITRs have been filed till 30th July 2022. Over 57.51 lakh #ITRs were filed on 30th July 2022 itself. Do remember to file yours, if not filed as yet. #FileNow to avoid late fee. Today is the due dt to file #ITR for AY 2022-23. Pl visit: http://incometax.gov.in.” 2. Yesterday, i.e. on July 30, 2022, over 57 lakh ITRs were filed as per the IT department’s tweet. Presuming that a similar number (if not more) are filed today, the total number of ITRs filed till midnight today would cross 5.7 crore approximately. This is because the number of ITRs filed till yesterday had already crossed 5.1 crore. The number of ITRs filed last year till the ITR filing due date (Dec 31, 2021) was 5.9 crore approx (as per January 1, 2022 press release of income tax department), therefore the shortfall wo...

Stating that over 2.3 crore income returns have been filed by July 20 for fiscal 2021-22 and the numbers are picking up, the Revenue Secretary told PTI, "People thought the routine now is that dates will be extended. So, they were a little slow in filing the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns.” "Last time 9-10 per cent filed on the 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)," Bajaj said, adding that the department's new income tax filing portal is now very robust to take the increased loads.

ITR filing: Extend Due Date Immediately trends on Twitter as last date nears According to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches. • • • • • A user named CA Nitin Nayak on Twitter wrote: "Reasons for #Extend_Due_Date_Immediately 1. 26AS and AIS mismatch;2. Portal not fully functional.;3. 26AS not updated till 15th June.;4. Forms for filing not available on time.;5. TDS and GST return filing dates clash." Taxpayers filing heir ITR beyond the last will have to pay late fees. The late ITR filing fine is Rs 1,000 if the total income of an assessed person does not exceed Rs 5 lakh and Rs. 5,000 if the income exceeds Rs 5 lakh. Meanwhile, according to data provided by community social media platform LocalCircles, 41 per cent of Indians who qualify to file the return are yet to file their papers. Around 10 per cent said that they were facing technical glitches. Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

ITR Filing: Last date to file income tax returns ends today; here's what will happen if you miss deadline ITR Filing: March 31, 2022, is the last date to file income tax returns. After this taxpayers will not be allowed to file ITR voluntarily. Check here what will happen will they miss this deadline. New Delhi | Jagran Business Desk:If you haven't filed your ITR (Income Tax Returns) yet for the year 2020-2021, file it now as the deadline ends today. The last date to file Income Tax Returns for FY 2020/21 or Assessment Year 21/22 is set as March 31. Therefore, you must complete the process at the earliest to avoid penalty. Earlier, the deadline for ITR filing was set as July 31. However, the date was extended due to Covid-19. Now, the deadline will not be extended any further, so people must file ITR as soon as possible today itself. The Income Tax Department also reminded the taxpayers about the due date for filing returns via Twitter. Due to Covid-19, the Income Tax Department had extended the deadline for filing the ITR to December 31, 2021, then February 15, 2022, and finally March 15, 2022. Now, the last date to file ITR is set as March 31, 2022. March 31, 2022, comes under an income tax law that gives taxpayers three months' window to file belated ITR. “Belated return can be seen as a last chance to voluntarily file ITR. If you miss the due date for filing a belated return, you lose the opportunity to voluntarily file ITR and can only file it in case of scrutiny init...

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing income tax returns (ITRs) for companies and individuals whose accounts are subject to audit. The previous ITR Filing due date was October 31, 2022 for these assessees. Let us understand the latest updates on ITR Filing Due Date further extended for AY 2022-23. Earlier Due Date Extended for Tax Audit Report for AY 2022-23 The Income Tax Department unexpectedly extended the submission date for the Tax Audit Report for Fiscal Year 2022/23. The main rationale for the extended period was the inaccessibility of the Income Tax Portal. Users have reported that the uploading of a single audit report takes them many hours. Due to this, the CBDT had extended the due date for a number of audit reports mandated under the Income-tax Act, 1961 for the Assessment Year 2022-2023. Tweets were used as the means of communication. You can read about this notification at: Latest Updates: CBDT notifies due date extension for ITR Filing for AY 2022-23 The CBDT extended the due date for audit reports last month. That’s why it’s extending the deadline for taxpayers to submit their tax returns. In a notification issued on October 26, 2022, the CBDT mentions, “In consequence to extension of due date for various reports of audit in the case of assessees referred in clause (a) of Explanation 2 to sub-section (I) of section 139 of the Act to 071h October 2022 by Circular No. 19/2022 dated 30.09.2022, Central Board of Direct Ta...

ITR Filing AY2022-23: As the deadline to Here is What We Know So Far About ITR Filing Deadline Extension Over 4 Crore Income Tax Returns Filed As per the Income Tax website, a total of 4,09,49,663 have been filed till July 28. Out of these, 2,41,15,777 verified ITRs have been processed. Meanwhile, 3,15,83,897 verified income tax returns have been filed till July 28, Thursday. However, as per the income tax portal data, only 40 per cent of taxpayers have filed their ITRs as the portal shows that is has a total of 10,45,31,679 individuals registered. Taxpayers Demand ITR Deadline Extension, Flood Social Media Taxpayers have been raising issues regarding the glitches faced during filing their income tax returns as they alleged that the portal was not working. They have also trended hashtags all over twitter, and tagged the accounts of finance minister Nirmala Sitharaman, Central Board of Direct Taxes and the Income Tax Department among others to demand the extension. “site collapsed. Please extend due date (sic), said a user. I think the Income tax portal has failed the stress test..not able to file single ITR since last 1 hour..request Bajaj sahab to intervene now Will ITR Filing Deadline be Extended? What Experts Say Experts were of the opinion that the due date to file ITR may not get extended after July 31 since many taxpayers are being able to file their returns. “Total number of filings as on 26th of July is 3.40 crore. Interesting to note that per day filings have been...

Story outline • With taxpayers complaining about issues with the e-filing portal this year as well, what are the chances of the government extending the ITR filing deadline this year? • Also, tax experts state that so far, very few taxpayers have filed their tax returns, and the majority (more than 6 crore taxpayers) are yet to do it. The last date for filing an income tax return (ITR) for FY 2021-22 (AY 2022-23) is July 31, 2022. In the previous two years, the government extended ITR filing and other income tax-related deadlines due to the novel coronavirus pandemic and glitches in the newly launched income tax portal. However, with things going back to normal, is there a chance of the On July 2, 2022, the With taxpayers complaining about issues with the e-filing portal this year as well, what are the chances of the government extending the ITR filing deadline this year? Also, tax experts state that so far, very few taxpayers have filed their tax returns, and the majority (more than 6 crore taxpayers) are yet to do it, according to Sujit Bangar, Ex-IRS officer & founder of Taxbuddy.com. ET Wealth online reached out to tax experts to find out whether the income tax return filing deadline will be extended this FY. Here's what they had to say. Sujit Bangar, Ex-IRS officer & founder of Taxbuddy.com - an ITR filing website: As per data published by the income tax department, only 30 lakh ITRs have been filed in the first seven days of the month of July. The cumulative number o...

Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 Last updated : October 27th, 2022 10:33 am Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 The Central Board of Direct Taxes, via Circular No. 01/2022 issued on January 11021, has extended the timeline for filing of Income Tax Returns and various Reports of Audit for the Assessment Year 2021-22 for a certain category of taxpayers. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and the difficulties faced by taxpayers and professionals. The current article briefs the extension so provided. Synopsis of Notification Considering difficulties the taxpayers and other stakeholders reported in filing Type of Compliance extended via the circular 01/2022 dated JaJanuary 112 is listed as follows: ITR filing due to date extension: • ITR filing for tax audit cases is extended to FebrFebruary 15ITR filing for transfer pricing is extended to FebruaFebruary 28R filing of belated or revised return for FY 20-21 is extended from DecemberDecember 31arch 31 2March 31hing Audit Report: • The due date to furnish the audit report is extended to January 15 2January 15date to furnish the audit report for transfer pricing cases is extended to January 31 202January 31or Furnishing Income Tax Return (ITR) The revised due date for furnishing the Income Tax Return (ITR) for AY 2021-22 is explained in detail below: I...

Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 Last updated : October 27th, 2022 10:33 am Extension of Due Date for ITR and Tax Audit Report for AY 2021-22 The Central Board of Direct Taxes, via Circular No. 01/2022 issued on January 11021, has extended the timeline for filing of Income Tax Returns and various Reports of Audit for the Assessment Year 2021-22 for a certain category of taxpayers. This has been done following the adverse impact of the 3rd wave of the COVID-19 pandemic and the difficulties faced by taxpayers and professionals. The current article briefs the extension so provided. Synopsis of Notification Considering difficulties the taxpayers and other stakeholders reported in filing Type of Compliance extended via the circular 01/2022 dated JaJanuary 112 is listed as follows: ITR filing due to date extension: • ITR filing for tax audit cases is extended to FebrFebruary 15ITR filing for transfer pricing is extended to FebruaFebruary 28R filing of belated or revised return for FY 20-21 is extended from DecemberDecember 31arch 31 2March 31hing Audit Report: • The due date to furnish the audit report is extended to January 15 2January 15date to furnish the audit report for transfer pricing cases is extended to January 31 202January 31or Furnishing Income Tax Return (ITR) The revised due date for furnishing the Income Tax Return (ITR) for AY 2021-22 is explained in detail below: I...

Income tax Return Filing AY 2022-23 Last Date Highlights: More than 5.8 crore ITRs were filed till July 31 for FY 2021-22. The due date of ITR filing for FY 2021-22 (AY 2022-23) was July 31. Taxpayers who failed to file their returns by the due date would have to pay a 31 July 2022 was the last date to file ITR of AY 2022-23 for salaried employees and Hindu Undivided Families (HUFs) whose accounts don’t need to be audited.Taxpayers who failed to file ITR by 31 July can now According to the Income Tax Department,more than 5 crore ITRs were filed till 30 July. The total ITRs filed number was expected to grow further on the due date i.e. yesterday. The Government denied any extension of the ITR filing due date. With so many ITRs already filed, it was certain that the Government won’t extend due dates. However, some taxpayers and professionals were still hoping for a last-minute surprise. “If you miss filing your returns, you will have to not only pay the penalty of up to Rs 5,000 (up to Rs 1,000 for taxpayers with income below Rs 5 lakh), but also face other tax implications,” says Archit Gupta, CEO of Clear (formerly Cleartax). “You will not be able to carry forward losses (other than house property loss), if any, incurred during the year. Also, you need to pay interest at 1% per month or part thereof on the outstanding tax liability,” he adds. “It is essential to understand that the income tax return filing procedure is simple only in a few circumstances, say if you have on...