Test your Type 26AS, AIS & different related paperwork earlier than submission and naturally needless to say the final date to file ITR for evaluation yr 2022-23 is July 31.
The Earnings Tax Division has requested people to file their revenue tax return (ITR) for the present evaluation yr 2022-23 on the e-filing portal.
“ITR submitting for AY 2022-23 is offered on e-filing portal. Test your Type 26AS, AIS & different related paperwork earlier than submission,” the I-T division tweeted on on June 22.
The final date to file ITR for evaluation yr 2022-23 is July 31.
The introduction of Taxpayer Info Abstract (TIS) and Annual Info Assertion (AIS) within the e-filing portal has made tax submitting simpler in the previous few years.
The federal government’s new revenue tax portal, which was launched final yr as a part of its digitisation drive, helps tax payers to log in instantly with Aadhaar and PAN particulars. Tax payers can establish pending actions, test standing of grievances, and consider year-wise tax returns and tax deposits.
Earlier, these particulars had been out there beneath completely different tabs, however at the moment are organised beneath a single dashboard. Taxpayers even have the choice of including their chartered accountants who can view the small print and take crucial motion on behalf of the taxpayer.
As instructed by the tax division, a tax payer should test the paperwork previous to submitting them. Most corporations problem Type 16 by June. Previous to submitting the ITR, the taxpayer should reconcile Type 26AS with Type 16. In case of discrepancies, the paperwork should be rectified.
Whereas the I-T Division had notified the ITR kinds in April, consultants had suggested salaried people to not file their ITR for AY 2022-23 earlier than Might 31. It is because the due date for TDS return submitting is Might 31, 2022, with out which an revenue taxpayer’s Type 26AS can’t be up to date. A recruiter can not present Type 16A to its workers with out submitting returns. Therefore, incomes people had been requested to attend until Might 31, earlier than submitting their ITR.
(Edited by : Shoma Bhattacharjee)