Itr file last date 2022

But taxpayers cannot file an updated ITR or an ITR-U before the assessment year comes to an end — March 31, 2023, in this case. Ruchika Bhagat, MD of chartered accountancy firm Neeraj Bhagat & Co, says, “An updated income tax return can be filed only after the end of the relevant assessment year. Hence, if you have not filed a belated ITR, then you will be allowed to file an updated ITR from April 1, 2023. The updated ITR can be filed within 24 months from the end of the relevant assessment year. So an individual taxpayer can file an updated income tax return for FY 2021-22 (AY 2022-23) between April 1, 2023, and March 31, 2025.” Penal interest on filing ITR-U An individual filing ITR-U is liable to pay certain penal interest. An individual will be liable to pay 25 per cent additional tax on the tax dues if the ITR-U for FY 2021-22 (AY 2022-23) is filed within the first relevant assessment year — i.e., between April 1, 2023, and March 31, 2024. If the ITR-U is filed between April 1, 2024, and March 31, 2025, then 50 per cent additional tax on the tax dues must be paid. Do note that an individual can also file an updated return if they have not filed any ITR earlier and have no pending income tax dues. However, the person will have to pay a penalty for the late filing of the return under Section 234F, says Bhagat. Under Section 234F of the Income-tax Act 1961, a penalty of Rs 5,000 is levied on an individual filing an ITR after the expiry of the due date — July 31, 2022, in...

ITR filing: Due date for unaudited income tax return (ITR) filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can revise one's income tax return under Section 139 (5) of the income tax act, 1961. On deadline or last date to file revised income tax return for the assessment year (AY) 2022-23, P_ankaj Mathpal, Founder & CEO at Optima Money Managers said, "An income taxpayer can file a revised ITR prior to three months of completion of the assessment year. Hence, for AY 2022-23, last date to file a revised ITR is 31st December 2022," He said that one can file a revised ITR online by logging in a the income tax e-filing portal — https://www.incometax.gov.in. Here we list out important information in regard to revised ITR filing for AY 2022-23: 1] Eligibility: Those who filed ITR on, before or after 31st July 2022 are eligible for filing a revised ITR. 2] Income tax rule on revised ITR filing: Section 139 (5) of the income tax act allows an income tax payer to revise one's income tax return. 3] Deadline for revised ITR filing: A taxpayer can file a revised income tax return prior to completion of three months of the assessment year. So, in the case of ITR filing for AY 2022-23, last date to file a revised ITR is 31st December 2022. 4] Due dates for ITR filing f...

• Adani Enterp. 2451.15 ↑ 22.00 (0.91%) • Adani Ports 734.95 ↓ -1.45 (-0.20%) • Apollo Hospitals 4926.70 ↓ 0.05 (0.00%) • Asian Paints 3180.55 ↓ -31.70 (-0.99%) • Axis Bank 974.75 ↑ 12.65 (1.31%) • B P C L 359.45 ↓ -1.65 (-0.46%) • Bajaj Auto 4743.40 ↓ -57.25 (-1.19%) • Bajaj Finance 7037.15 ↑ 27.05 (0.39%) • Bajaj Finserv 1466.50 ↓ -0.90 (-0.06%) • Bharti Airtel 833.50 ↓ -2.50 (-0.30%) • Britannia Inds. 4878.75 ↑ 3.70 (0.08%) • Cipla 969.25 ↑ 3.85 (0.40%) • Coal India 227.65 ↓ -0.45 (-0.20%) • Divi's Lab. 3428.75 ↓ -70.95 (-2.03%) • Dr Reddy's Labs 4666.80 ↑ 17.40 (0.37%) • Eicher Motors 3581.30 ↓ -76.10 (-2.08%) • Grasim Inds 1715.75 ↑ 3.80 (0.22%) • H D F C 2652.90 ↓ -0.90 (-0.03%) • HCL Technologies 1109.75 ↓ -17.00 (-1.51%) • HDFC Bank 1610.60 ↑ 1.90 (0.12%) • HDFC Life Insur. 581.70 ↓ -12.20 (-2.05%) • Hero Motocorp 2899.30 ↓ -65.50 (-2.21%) • Hind. Unilever 2636.20 ↓ -43.70 (-1.63%) • Hindalco Inds. 415.05 ↓ -3.20 (-0.77%) • ICICI Bank 938.05 ↑ 0.15 (0.02%) • IndusInd Bank 1331.05 ↑ 27.20 (2.09%) • Infosys 1265.95 ↓ -16.85 (-1.31%) • ITC 438.45 ↓ -4.45 (-1.00%) • JSW Steel 748.50 ↓ -0.30 (-0.04%) • Kotak Mah. Bank 1872.00 ↓ -14.50 (-0.77%) • Larsen & Toubro 2363.00 ↑ 22.70 (0.97%) • M & M 1370.65 ↓ -10.40 (-0.75%) • Maruti Suzuki 9627.80 ↓ -30.80 (-0.32%) • Nestle India 22073.45 ↓ -75.45 (-0.34%) • NTPC 182.80 ↑ 0.75 (0.41%) • O N G C 154.25 ↓ -1.85 (-1.19%) • Power Grid Corpn 244.90 ↑ 3.25 (1.34%) • Reliance Industr 2481.95 ↓ -17.70 (-0.71%) • SBI Life Insuran 1232...

ITR filing: Due date for unaudited income tax return (ITR) filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can revise one's income tax return under Section 139 (5) of the income tax act, 1961. On deadline or last date to file revised income tax return for the assessment year (AY) 2022-23, P_ankaj Mathpal, Founder & CEO at Optima Money Managers said, "An income taxpayer can file a revised ITR prior to three months of completion of the assessment year. Hence, for AY 2022-23, last date to file a revised ITR is 31st December 2022," He said that one can file a revised ITR online by logging in a the income tax e-filing portal — https://www.incometax.gov.in. Here we list out important information in regard to revised ITR filing for AY 2022-23: 1] Eligibility: Those who filed ITR on, before or after 31st July 2022 are eligible for filing a revised ITR. 2] Income tax rule on revised ITR filing: Section 139 (5) of the income tax act allows an income tax payer to revise one's income tax return. 3] Deadline for revised ITR filing: A taxpayer can file a revised income tax return prior to completion of three months of the assessment year. So, in the case of ITR filing for AY 2022-23, last date to file a revised ITR is 31st December 2022. 4] Due dates for ITR filing f...

But taxpayers cannot file an updated ITR or an ITR-U before the assessment year comes to an end — March 31, 2023, in this case. Ruchika Bhagat, MD of chartered accountancy firm Neeraj Bhagat & Co, says, “An updated income tax return can be filed only after the end of the relevant assessment year. Hence, if you have not filed a belated ITR, then you will be allowed to file an updated ITR from April 1, 2023. The updated ITR can be filed within 24 months from the end of the relevant assessment year. So an individual taxpayer can file an updated income tax return for FY 2021-22 (AY 2022-23) between April 1, 2023, and March 31, 2025.” Penal interest on filing ITR-U An individual filing ITR-U is liable to pay certain penal interest. An individual will be liable to pay 25 per cent additional tax on the tax dues if the ITR-U for FY 2021-22 (AY 2022-23) is filed within the first relevant assessment year — i.e., between April 1, 2023, and March 31, 2024. If the ITR-U is filed between April 1, 2024, and March 31, 2025, then 50 per cent additional tax on the tax dues must be paid. Do note that an individual can also file an updated return if they have not filed any ITR earlier and have no pending income tax dues. However, the person will have to pay a penalty for the late filing of the return under Section 234F, says Bhagat. Under Section 234F of the Income-tax Act 1961, a penalty of Rs 5,000 is levied on an individual filing an ITR after the expiry of the due date — July 31, 2022, in...

ITR filing: Due date for unaudited income tax return (ITR) filing is gone but those taxpayers who want to edit their return as they have filled some incorrect information in their ITR like use of wrong ITR form, wrong bank account number, etc., they still have an option to do that. As per the revised income tax rules, a taxpayer can revise one's income tax return under Section 139 (5) of the income tax act, 1961. On deadline or last date to file revised income tax return for the assessment year (AY) 2022-23, P_ankaj Mathpal, Founder & CEO at Optima Money Managers said, "An income taxpayer can file a revised ITR prior to three months of completion of the assessment year. Hence, for AY 2022-23, last date to file a revised ITR is 31st December 2022," He said that one can file a revised ITR online by logging in a the income tax e-filing portal — https://www.incometax.gov.in. Here we list out important information in regard to revised ITR filing for AY 2022-23: 1] Eligibility: Those who filed ITR on, before or after 31st July 2022 are eligible for filing a revised ITR. 2] Income tax rule on revised ITR filing: Section 139 (5) of the income tax act allows an income tax payer to revise one's income tax return. 3] Deadline for revised ITR filing: A taxpayer can file a revised income tax return prior to completion of three months of the assessment year. So, in the case of ITR filing for AY 2022-23, last date to file a revised ITR is 31st December 2022. 4] Due dates for ITR filing f...

But taxpayers cannot file an updated ITR or an ITR-U before the assessment year comes to an end — March 31, 2023, in this case. Ruchika Bhagat, MD of chartered accountancy firm Neeraj Bhagat & Co, says, “An updated income tax return can be filed only after the end of the relevant assessment year. Hence, if you have not filed a belated ITR, then you will be allowed to file an updated ITR from April 1, 2023. The updated ITR can be filed within 24 months from the end of the relevant assessment year. So an individual taxpayer can file an updated income tax return for FY 2021-22 (AY 2022-23) between April 1, 2023, and March 31, 2025.” Penal interest on filing ITR-U An individual filing ITR-U is liable to pay certain penal interest. An individual will be liable to pay 25 per cent additional tax on the tax dues if the ITR-U for FY 2021-22 (AY 2022-23) is filed within the first relevant assessment year — i.e., between April 1, 2023, and March 31, 2024. If the ITR-U is filed between April 1, 2024, and March 31, 2025, then 50 per cent additional tax on the tax dues must be paid. Do note that an individual can also file an updated return if they have not filed any ITR earlier and have no pending income tax dues. However, the person will have to pay a penalty for the late filing of the return under Section 234F, says Bhagat. Under Section 234F of the Income-tax Act 1961, a penalty of Rs 5,000 is levied on an individual filing an ITR after the expiry of the due date — July 31, 2022, in...