There are hardly 4 days left in the ITR Filing Deadline for filing Income Tax Returns. People expect that like every time the government will increase the deadline (ITR Filing Deadline Extension) this year too. However, the government has made it clear that this time it is not considering extending the last date for filing income tax returns.
Read Also: 7th Pay Commission: With DA, these central employees can get a gift, the government is churning
The last date for filing Income Tax Return
The last date for filing Income Tax Return for the financial year 2021-22 (FY22) is now very close. If you have not yet filed ITR, then do this work without delay. Filing ITR can prove beneficial in many cases. At the same time, not filing ITR on time can also become a problem. The last date for filing ITR (ITR Filing Deadline) is 31 July 2022. Meaning you have only four days left by counting to file ITR.
Still so many crore people have not filled ITR
The Income Tax Department has told that so far more than 3 crore people have filed returns. However, by July 31, about 7 crore ITRs are to be filed. In such a situation, if about 4.5 crore people file returns in the last days, then the load on the return filing portal may increase and the system may become slow. To avoid such problems, it is important that you file your return now without delay. Tax experts also believe that one should not wait for the last date to file the return.
Read Also: 7th Pay Commission: With DA, these central employees can get a gift, the government is churning
Delay in filing ITR will attract such penalty
There are many benefits of filing ITR on time. If your Income Tax Refund is made, then the sooner you file the Income Tax Return, the sooner the refund will come in your account. Apart from this, mistakes often happen when filing returns on the last date. 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 for income above Rs 5 lakh will be Rs 5,000. This amount can go up to Rs 10,000.
No intention to extend deadline
There are hardly 4 days left in the ITR Filing Deadline for filing Income Tax Returns. People expect that like every time the government will increase the deadline (ITR Filing Deadline Extension) this year too. However, the government has made it clear that this time it is not considering extending the last date for filing income tax returns. According to news agency PTI, the government is not going to extend the deadline beyond this. PTI had given this news by quoting the Revenue Secretary. According to PTI, the revenue secretary said that the government is not considering extending the deadline for filing income tax returns beyond July 31.
Read Also: Sarkari Yojana: Take advantage of government scheme, you will get free electricity for 24 hours; know how to apply
File your income tax return like this
To fill ITR, you have to log on to the Income Tax Department website https://www.incometax.gov.in/iec/foportal 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. This time the Income Tax Department has made it mandatory to match the data with AIS. Later, the Income Tax Department does not give you notices, so download AIS in advance.
