LIVE: ITR filing last date today; Over 5 cr ITRs filed - Facing issues in e-filing? call on these Income Tax helpline numbers
Income tax return filing deadline for the Financial Year 2021-22 and Assessment Year 2022-23 is July 31, 2022.
Income tax return filing deadline for the Financial Year 2021-22 and Assessment Year 2022-23 ends on July 31, 2022. The government has hinted that they won't be increasing the deadline for filing income tax this year. We will cover what does it mean in case you fail to file your return on the last day, how much penalty one needs to pay, total collection so far and more.
Watch out for this space.
Latest Updates
Income Tax Returns filed till 6pm on July 31
As many as 43,99,038 TRs have been filed upto 6 PM today and 5,17,030 ITRs were filed in the last one hours, said Income Tax department in a tweet on Sunday.
ITR filed till 1 PM today
As many as 19,53,581 ITRs have been filed upto 1 PM today, while 4,67,902 ITRs were filed in the last one hour. For any assistance, taxpayers can connect on orm@cpc.incometax.gov.in or Income Tax help desk numbers 1800 103 0025 & 1800 419 0025.
Income Tax helpline number: Income Tax India has released 24/7 helpline numbers for assistance in e-filing. Anyone facing issues in e-filing can call on these numbers to address the issue.
"Our helplines are operational 24/7 today. Please contact us at the numbers below, if you need any assistance in e-filing of the ITRs. 1800 103 0025 1800 419 0025 +91-80-4612 2000 +91-80-6146 4700," said Income Tax India
ITR filed till late Saturday
Over 5 crore ITRs have been filed upto 8:36 pm on Saturday. Income Tax Department has urged those were yet to file their returns by today, July 31 to avoid late fee. Here is what it tweeted:
Income Tax Returns statistics
As many as 35,67,263 ITRs have been filed upto 6pm today & 4,48,676 ITRs filed in the last 1hour.
Income Tax Returns filed today
As many as 26,82,031 ITRs have been filed upto 1600 hours today and around 3,97,792 ITRs have been filed in the last 1hour, said Income Tax India on Saturday.
Here is what it tweeted:
ITR deadline missing implication
Apart from the late fee charges, missing deadlines have several other implications. If you miss the deadline you will be required to pay interest on the late payment of taxes.
ITR Filing: Who are exempted?
The government had through Finance Act 2021 inserted a new Section 194P in the Income Tax Act, 1961 to define certain conditions to allow exempting senior citizens from filing Income Tax Returns. The new Section 194P came into effect on April 1, 2021.
Super senior citizens can be exempted from ITR filing under following circumstances:
1. Senior citizen should be of age 75 years or above
2. Senior citizen should be a resident in the previous year
3. Senior citizen has pension income and interest income only
4. Interest income accrued/earned from the same specified bank in which he/she is receiving pension
5. He/she shall be required to furnish a declaration to the specified bank containing particulars, in such form and verified in such manner, as may be prescribed
ITR filing last date extended? The due date for filing Income Tax Return without a late fee is July 31. As of now, there is no proposal to extend the ITF filing last date.
Over 4.52 crore income tax returns (ITRs) have been filed till 29th July, 2022 and more than 43 lakh ITRs filed on 29th July, 2022 itself. "Hope you have filed yours too! If not, pl #FileNow Due date to file ITR for AY 2022-23 is 31st July, 2022," tweeted Income Tax Department
What is Form CMP-08? composition taxpayers deadline
The deadline for composition taxpayers to file form CMP-08 for April to June, 2022 quarter is also 31st July, 2022. Late filing of form form CMP-08 will attract interest
Income tax refund status check
If you have already filed your income tax return 2022 and have claimed return, you can track refund status by following certain steps. These are refunds allowed by the Income Tax department for any excess tax paid by them to the government.
Step 1. visit www.incometax.gov.in
Step 2: Log in to your account. For this, you will need to enter PAN/Aadhaar number as user ID and password
Step 3: Click on 'e-file' option
Step 4: Select 'Income tax returns' under the 'e-file' option
Step 5: Select 'View Filed returns'
Step 6: Check the latest ITR filed
Step 7: Select option 'View Details' to see the status of ITR filed
What is form form ITR U in Income Tax?
In case you miss the 31st December deadline, a new form ITR U has to be used for updated return and give reasons for updating your income. The reasons could be: return previously not filed; income not reported correctly; wrong heads of income chosen
Income Tax Return filing late fee: Those with annual income of more than Rs 5 lakh, the late fine is Rs 5,000 for missing out July 31 deadline
Income Tax filing: The I-T department has established an independent portal for e-filing of income tax returns -- incometaxindia.Gov.In. Additionally, there are certain private entities, registered by the Income Tax Department that allows taxpayers to e-file through their websites.
Income Tax return late fee for those under Rs 5 lakh bracket
Those who fall below Rs 5 lakh income will have to pay a fine of Rs 1000 as late fee form missing the deadline
Income tax penalty and consequences for missing deadline
Even If you miss income tax return filing deadline, you can still file the return by December 31, 2022. However, you will have to pay a late fee. It will also have some other financial consequences.
Income Tax Return filing: ITR filing is an annual activity seen as a duty of every responsible citizen of the nation. Taxpayers can claim the refund of the excess tax paid/deducted during a financial year by filing it.
Over 4 crore income tax return filed so far:
The Income Tax Department on Friday said that more than 4 crore returns have been filed through e-filing portal till date for the financial year 2021-22.
"Over 4.09 crore ITRs filed till 28th July, 2022 & more than 36 lakh ITRs filed on 28th July, 2022 itself. The due date to file ITR for AY 2022-23 is 31st July, 2022. Please file your ITR now, if not filed as yet. Avoid late fee," the department said in a tweet.
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