Earnings Tax Division Posts Message For Taxpayers

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

The Earnings Tax division has requested taxpayers to file their returns inside the due date. The final date to file Earnings Tax Return (ITR) for FY 2021-22 (AY 2022-23) with out late price is July 31, 2022 (except prolonged by the federal government).

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

“ITR submitting for AY 2022-23 is on the market on e-filing portal. Verify your Kind 26AS, AIS & different related paperwork earlier than submission. Be an early filer,” the Earnings Tax 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 October 31 of the evaluation 12 months (except prolonged by the federal government).

The brand new e-filing portal www.incometax.gov.in, launched on June 7, 2021, had a bumpy begin because the 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.

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

Ms Singh informed information company PTI that the variety of revenue tax returns final fiscal was 7.14 crore towards 6.9 crore within the previous monetary 12 months, exhibiting a transparent development.

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

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