New Delhi: Today we are going to give you big news regarding ITR. Yes, let us tell you that the last date for filing Income Tax Return (ITR) is going to end on July 31. In such a situation, if you also come under the tax net and have not filed ITR yet, then settle this work immediately. If you file ITR after the due date, you will have to pay a fine. In such a situation, if you file ITR, then you will be saved from filling the fine.
Yes, that’s why the Income Tax Department is constantly asking taxpayers to file ITR on time. People expect that like every time the government will extend the ITR Filing Deadline Extension this year too, but it may not happen this year. Yes, big information has been given by the Income Tax Department regarding this. According to the Income Tax Department, by July 31, about seven crore ITRs are to be filed, but by July 28, the figure had not even reached five crores.
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.
The date will not increase
For information, let us tell you that by tweeting on behalf of Income Tax India, it has been said 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 the assessment year 2022-23 is 31 July 2022. If you have not filed your ITR yet, do so immediately and avoid late fees. Because this time the date will not move forward.
Know here how much the fine will be
Yes, Income Tax India has made it clear in its tweet that by July 31, file ITR and avoid a late fine. This means that from August 1, a fine will have to be paid for filing ITR. 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 for income of Rs 5 lakh or less. The late fee for income above Rs 5 lakh will be Rs 5,000. This amount can go up to Rs 10,000.
File your own income tax return
Let us tell you that to fill the ITR, you have to log in to the Income Tax Department website https://www.incometax.gov.in/iec/foportal with the help of a user id and password. To file an Income Tax Return (ITR), you will need PAN Card, Aadhar Card, Bank Account Number, Investment Details, and Form 16 or Form 26AS. In this way, you can fill your ITR soon, so that you do not have to pay fines.
