2022 ITR Filing Deadline: Latest Tax Filing Date for Individuals, HUF, Businesses, Late Fees Explained

The 2022 tax return (RTI) filing deadline is approaching. It is important that each taxpayer files their ITR before the deadline. Failure to do so results in a penalty in the form of a late filing fee. The last date to file the ITR this year for most taxpayers for the 2021-22 fiscal year is July 31. It should be noted that there are different due dates or ITR deadlines for different types of taxpayers. Read on to learn about the tax return filing deadline for different types of taxpayers, where to file returns, and what it costs if someone misses the deadline.

Deadline for filing the RTI 2022 for individuals, employees

The deadline for filing the income tax return for individuals and employees whose accounts are not subject to audit is July 31.

Latest ITR filing date 2022 for HUF

According to income tax rules, the deadline for filing an ITR for Hindu undivided families (HUF), whose accounts do not need to be audited, is also July 31.

ITR deadline for taxpayers whose accounts are to be audited

The accounts of certain taxpayers must be audited. These taxpayers benefit from an extended deadline to file their ITRs. The ITR filing deadline for these taxpayers is October 31, 2022 (unless extended by the government).

These taxpayers include a business, a working partner of a business or individuals and other entities like sole proprietorship, corporation, etc. whose accounts are to be audited.

ITR Due Date for Section 92E Taxpayers

Taxpayers must submit a report under Section 92E when they have entered into international transactions during the relevant financial year. The ITR filing deadline for these taxpayers is November 30, 2022.

RTI for late production

Taxpayers must pay a late filing fee. Under Section 234F, a late filing fee of Rs 5,000 applies for filing an ITR after July 31. However, the penalty for failing to meet the ITR deadline is only Rs 1,000 for small taxpayers with less than Rs 5 lakh annual taxable income.

In addition, taxpayers may also have to pay an interest penalty under Section 234A of the Income Tax Act 1961 if they file an ITR after the due date. The interest penalty applies when the individual pays their self-assessment tax assessments after July 31. If advance tax assessments are paid, interest penalties under Sections 234B and 234C may also apply.

Late ITR filing due date

The deadline for filing a late tax return is December 31, 2022.

So far, the Indian government has not announced any extension of the ITR filing deadline. Therefore, taxpayers must file their returns no later than July 31, October 31 or November 30, as the case may be.

Where to file the ITR

Taxpayers can file their ITR for AY 2022-2023 on the Income Tax website (https://incometaxindia.gov.in) by themselves. They can also get help from tax filing professionals like CAs. Some online platforms also make it easy for taxpayers to file their returns.