Income Tax Return Filing Due Date For AY 2022-23 Live News Updates: ITR Last Date Extension News; ITR deadline July 31, Last Date to file ITR today; Here’s How to File ITR? Verify ITR, Check ITR Refund Status, ITR Filing Benefits – All Details you should know
Income tax Return Filing AY 2022-23 Last Date Live Updates on July 31: More than 5.5 crore ITRs were filed till 8 pm today for FY 2021-22. The due date of ITR filing for FY 2021-22 (AY 2022-23) is today, failing which there will be a penalty on late filers from tomorrow. There is a fine of up to Rs 5000 on belated ITR filing, which can be done till December 31, 2022. July 31 is the last date to file ITR of AY 2022-23 for salaried employees and Hindu Undivided Families (HUFs) whose accounts don’t need to be audited.
Also Read : More Than 65 Lakh ITRs Filed Till 11 PM Of Last Date; IT Dept Issues Helpline Numbers
According to the Income Tax Department, more than 5 crore ITRs were filed till 30 July. The total ITRs filed number is expected to grow further on the due date i.e. today. The Government has so far denied any extension of the ITR filing due date. With so many ITRs already filed, it is unlikely that the Government will extend due dates. However, some taxpayers and professionals are still hoping for a last-minute surprise.
In this ITR filing, live blog read all news updates about Income tax Return Last Date, Extension News (if any) and other Important Tips And Tricks to File ITR and Get Benefits.
LIVE UPDATES
eportal.incometax.gov.in | Today is Income Tax Return Filing Last Date For Assessment Year 2022-23: ITR Due Date Live News – How to File ITR, How to File Free IT, IR Filing Benefits, Income Tax Refund Status Check, ITR Due Date Extension News, ITR Tips, FAQ – Today’s ITR News and Updates
22:43 (IST) 31 Jul 2022ITR filing: Over 5.5 crore Income Tax Returns filed
More than 5.5 crore Income tax Returns have been filed till 8 pm today for Financial Year 2021-22 (AY 2022-23), according to Tax Department’s data. Today was the last date to file ITR for salaried employees, individuals and HUFs whose accounts don’t need to be audited.
22:26 (IST) 31 Jul 2022Why should you file ITR ASAP
Experts advise taxpayers to file their ITRs as soon as possible and not wait until the last minute. If the taxpayers have to wait for tax-related documents, they should expedite the process to recover the documents. And file ITR before the end of the due date.
22:13 (IST) 31 Jul 2022More than 53 lakh ITRs filed till 8 pm
More than 53 lakh ITRs were filed till 8 pm today. Till 6 pm, over 43 lakh returns were filed. “Statistics of Income Tax Returns filed today. 53,98,348 itrs have been filed upto 2000 hours today & 4,95,505 itrs filed in the last 1hr.” The Income tax department tweeted.
19:12 (IST) 31 Jul 2022What happens when you fail to file ITR till last date
“If you miss filing your returns, you will have to not only pay the penalty of up to Rs 5,000 (up to Rs 1,000 for taxpayers with income below Rs 5 lakh), but also face other tax implications,” says Archit Gupta, CEO of Clear (formerly Cleartax).
“You will not be able to carry forward losses (other than house property loss), if any, incurred during the year. Also, you need to pay interest at 1% per month or part thereof on the outstanding tax liability,” he adds.
19:10 (IST) 31 Jul 2022Beware of misreporting in ITR
Taxpayers should know that there may be severe consequences for reporting wrong information in ITR. The taxpayer will have to pay heavy penalties for misreporting or underreporting income, say experts.
19:09 (IST) 31 Jul 2022ITR filing last date: 44 lakh returns filed till 6 pm today
Around 44 lakhs ITRs have been filed till 6 pm today as taxpayers rush to file returns before the end of the due date today.
“Statistics of Income Tax Returns filed today. 43,99,038 itrs have been filed upto 1800 hours today & 5,17,030 itrs filed in the last 1hr,” the Income Tax department tweeted.
19:09 (IST) 31 Jul 2022ITR filing last date: 44 lakh returns filed till 6 pm today
Around 44 lakhs ITRs have been filed till 6 pm today as taxpayers rush to file returns before the end of the due date today.
“Statistics of Income Tax Returns filed today. 43,99,038 itrs have been filed upto 1800 hours today & 5,17,030 itrs filed in the last 1hr,” the Income Tax department tweeted.
17:02 (IST) 31 Jul 2022More than 33 lakh ITRs filed till 4 pm
More than 33 lakhs ITRs were filed till 4 pm today. “Some statistics of Income Tax Returns filed today. 33,73,975 itrs have been filed upto 1600 hours today & 4,73,228 itrs filed in the last 1hr,” the Income tax Department tweeted.
16:19 (IST) 31 Jul 2022Why do taxpayers wait till the last moment to file ITR?
“The taxpayers delay in filing their returns due to the non-availability or corrections in tax-related documents, for example, rectification in Form 16, loan statements not received from banks, accounting records not properly maintained, etc. Most taxpayers compute their income tax liability well before, but they wait for the due date to delay paying taxes or to take time to find ways to save more taxes,” says Archit Gupta, Founder & CEO of Clear (formerly ClearTax).
15:36 (IST) 31 Jul 2022What is the difference between income as shown in AIS and 26AS?
According to Income Tax rules, Income reflected in AIS and 26AS are based on information received from different sources and tax compliance made by different stakeholders. “These are made available to the Taxpayer for reference purpose. Taxpayer should check his book of records and provide information in the return as per the information available with him,” the Tax Department says in a document.
“If there is variation between the TDS/TCS or tax payments as provided in Form26AS and the TDS/TCS or tax payments provided in AIS, the Taxpayer may rely on the TDS/Tax payment information provided in 26AS for the purpose of filing of tax return and for computing Pre-paid Taxes,” it adds.
14:50 (IST) 31 Jul 2022What is the penalty for not filing ITR before due date?
Taxpayers failing to file ITR for 2022-23 by July 31, 2022, may still file the returns by December 31, 2022, but will have to pay a fine along with interest on any unpaid taxes for the year 2021-22. “In case of failure to file ITR by the due date, you can file the belated return by 31st December 2022. A penalty of Rs. 5,000 is levied if the return is filed after the due date but before 31st December 2022,” says Deepak Jain, Chief Executive, TaxManager.in a tax e-Filing and Compliance Management Portal.
13:58 (IST) 31 Jul 2022More than 19 lakh ITRs filed till 1 pm today
More than 19 lakh ITRs were filed till 1 pm today, the Income Tax Department said. “Some statistics of Income Tax Returns filed today: 19,53,581 itrs have been filed up to 1300 hours today & 4,67,902 itrs filed in the last 1hr,” the department tweeted.
13:57 (IST) 31 Jul 2022ITR helpline: ‘Our helplines are operational 24/7 today’, says Income Tax Department
The Income Tax Department has issued helplines to support tax filers.
“Dear taxpayers/stakeholders, 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,” the Tax Department tweeted.
Numbers on which you can call for assistance:
1800 103 0025
1800 419 0025
+91-80-4612 2000
+91-80-6146 4700
