Steps to file your return, here’s what will happen if you miss the deadline

The Income Tax Department said over ITR 5 crore for the 2022-23 tax year had been deposited as of 8:36 p.m. Saturday.

Last date for filing income tax return (ITR) today. Pixabay

New Delhi: Filing of income tax return (ITR) for tax year 2022-23 closes today, July 31. With just a few hours left, taxpayers who have not yet submitted their ITRs can visit the Income Tax Service website – file their tax return to avoid late fees.

The Income Tax Department said over ITR 5 crore for the 2022-23 tax year had been deposited as of 8:36 p.m. Saturday.

In a public post on the income tax department’s official Twitter account, he asked all taxpayers, mostly individuals and employees, to file their returns by the July 31 deadline. “#FileNow to avoid late fees,” he said.

The Central Board of Direct Taxes (CBDT) has issued an order stating that Aaykar Seva Kendras (ASKs) or Income Tax Assistance Centers across the country will remain open on Sunday (July 31) and that counters additional receipts will be opened, if necessary, to “facilitate the filing of tax returns by taxpayers.

What if you miss the ITR deadline?

If you miss the July 31 deadline, you can still file your tax returns by December 31, 2022. But you will have to pay a late fee.

If you are a person earning an income of up to Rs 5 lakh, you will have to pay a fine of Rs 1,000.

If your income is more than Rs 5 lakh, then you will have to pay Rs 5,000 as late fee. In addition, you will have to pay interest on late payment of taxes.

Notably, if your gross income is below the basic exemption limit, you will not be fined for late filing of RTI.

It should be mentioned that if the late filing is not made by December 31 of this year, taxpayers will not be able to voluntarily file your ITR for tax year 2022-23. In such a situation, the income tax department will advise them of what needs to be done as they get your available tax information.

Steps to file a tax return online

Step 1: Go to the Income Tax Service e-filing website – https://www.

Step 2: Log in using your credentials

Step 3: If you have already registered on the portal, click on the “Login here” button, otherwise press the “Register” button.

Step 4: Go to e-File, tax returns, then click on “File a tax return”

Step 5: Select the option to deposit your ITR

Step 6: Fill in all the required details, enter your income and deductions and check if there is any tax payable

Step 7: Check that all the information you provided is correct

Step 8: Tally your entered income information with the income reported in Form 26A and AIS. Once you are sure that all the details are correct, press the “Preview and submit” button

Step 9: Once the ITR is uploaded, you will need to complete the verification process by providing your Aadhaar One Time Password (OTP) or Electronic Verification Code (EVC) through your bank account details.

Step 10: Enter the OTP/EVC you receive on your registered mobile number

Step 11: Once all tax return filing procedures are completed, you will receive a message on your registered phone number or email address.

Will the ITR deadline be extended?

There is no government announcement regarding an extension of the ITR filing deadline. However, some taxpayers and professionals anticipate a last-minute surprise.

The ITR filing deadline has been extended by several months over the past two assessment years – primarily due to the COVID-19 pandemic. The Income Tax Department is trying to get things in place by meeting the original due date of July 31, 2022.

The Ministry of Finance and the CBDT, which oversee the tax department’s policy, constantly monitor the RTI filing exercise.

In addition, a “war room” of technical experts working on the portal and the CBDT’s social media team that collects individual and public responses to the case are working together 24/7, the official said. PTI news agency quoting a senior officer.

The officer said issues with the e-filing portal are handled quickly and every question raised by taxpayers is answered.

When asked if requests made on social media and through representations sent to the CBDT to extend the July 31 ITR filing deadline will be considered, officials said they were looking to s to ensure that “the filings are going smoothly until the deadline and nothing more is in progress”. their minds right now.”

Approximately 5.89 crore of RTI was deposited in the last time or fiscal year 2020-21 as of the extended due date of December 31, 2021.

With contributions from agencies

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