Tuesday, 23 July 2024

ITRs totaling 6 crores were submitted, and awaiting an extension

ITR Submission at http://www.incometax.gov.in; ITR Due Date 2023 Up-to-date news on July 30: There are only two more days till the ITR filing deadline on July 31.

This year, it’s anticipated that the Income Tax Department won’t grant any ITR deadline extensions. As a result, if you haven’t already, try to file your return as soon as you can before the time expires.

Dead Fishes are Found on Texas Beaches

ITRs for FY 2022–23 (AY 2023–24) have already been submitted by a record number of taxpayers, according to data made available by the Income Tax Department.

In addition, many taxpayers have already received their refunds. Recent sources have revealed that the government has no plans to extend the payment deadline past July 31. Taxpayers must submit their returns by tomorrow if their accounts do not require an audit.

  • ITR submission deadline approaches; two days left.
  • Record the number of taxpayers who submitted ITRs for FY 2022-23.
  • Late fee and interest charged for late income returns.

There are several repercussions if ITRs are not filed by the deadline. As a result, it is advised to submit returns before the deadline has passed.

You will be charged a late fee if you file your return after the due date and miss the deadline. Under section 234A, interest is charged for failure to provide a return of income or for providing one late.

Additionally, under Section 234F, late filing of an income return is subject to costs that range from Rs 1,000 to Rs 5,000.

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