HomeBusiness"Be An Early Filer": Earnings Tax Division Posts Message For Taxpayers

“Be An Early Filer”: Earnings Tax Division Posts Message For Taxpayers

The brand new e-filing portal was launched on June 7, 2021. (Consultant Picture)

The Earnings division has requested taxpayers to file their returns inside the due date. The final date to file Earnings Tax Return (ITR) for FY -22 (AY 2022-23) with out late charge is July 31, 2022 (until prolonged by the federal government).

In a tweet, the I-T division has urged folks to be early filers.

“ITR submitting for AY 2022-23 is out there on e-filing portal. Verify your Type 26AS, AIS & different related paperwork earlier than submission. Be an early filer,” the Earnings division mentioned, including the hashtag #FileNow.

The due date for submitting ITR is the date by which the returns might be filed with none penalty.

In case of corporates, the final date to file ITR is 31 of the evaluation 12 months (until prolonged by the federal government).

The brand new e-filing portal www.incometax.gov.in, launched on June 7, 2021, had a bumpy begin for the reason that starting with taxpayers and professionals reporting glitches and difficulties in its functioning. Infosys was in 2019 given the contract to develop the portal.

A 12 months later, many customers mentioned many points nonetheless persist, after which the I-T division requested Infosys to resolve it on precedence.

See also  Revenue Tax Division To Roll Out New E-Portal Right this moment; Key Issues To Know

In the meantime, Central Board of Direct Taxes Chair Sangeeta Singh mentioned earlier this month that the variety of revenue returns has elevated in FY22 over the earlier fiscal.

Ms Singh informed information company PTI that the variety of revenue returns final fiscal was 7.14 crore in opposition to 6.9 crore within the previous monetary 12 months, displaying a transparent progress.

For FY22, the assortment is greater than Rs 14 lakh crore, which is pretty good, in comparison with the gathering for FY20, as per the chairman.



Please enter your comment!
Please enter your name here

Most Popular