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ITR Return: If ITR is not filed till July 31, then now you will have to pay a fine of up to Rs 5000 – informalnewz

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The Source of revenue Tax Division has gained 5.83 crore Source of revenue Tax Returns (ITRs) for the monetary yr 2021-22 till July 31, 2022. July 31 used to be the closing date for submitting source of revenue tax returns. Officers gave this data on Monday.

New Delhi: The Source of revenue Tax Division has gained 5.83 crore Source of revenue Tax Returns (ITRs) for the monetary yr 2021-22 till July 31, 2022. July 31 used to be the closing date for submitting source of revenue tax returns. Officers gave this data on Monday.

ITR of Rs 5.83 crore filed till July 31

In accordance to officers, this determine of source of revenue tax returns is nearly equivalent to the quantity of returns filed for the monetary yr 2020-21. The Source of revenue Tax Division had set July 31 because the closing cut-off date for submission of ITR.

A senior division legit stated, “We have gained about 5.83 crore source of revenue tax returns till the tip of July 31. The overall figures are being collated to in finding out the real determine.”

He informed that right through the closing monetary yr, about the similar quantity i.e. 5.89 crore source of revenue tax returns have been filed. Then the cut-off date for submitting returns used to be prolonged till December 31, 2021.

Greater than 72 lakh other people filed ITR on thirty first July

In accordance to the legit, greater than 72 lakh ITRs have been filed at the closing date i.e. Sunday. As in step with the brand new laws, the ones submitting ITR by way of December 31 for the evaluate yr 2022-23 (with an Nullify source of revenue of greater than Rs 5 lakh) will have to pay a overdue charge or penalty of Rs 5,000. On the similar time, people with an Nullify source of revenue of lower than Rs 5 lakh will have to pay a overdue charge of Rs 1,000.

 

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