The Income-tax Department appreciates taxpayers and tax professionals for making compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), resulting in a new record of 8.18 crore ITRs for the A.Y. 2023-2024 filed upto 31.12.2023 as against 7.51 crore ITRs filed upto 31.12.2022. This is 9% more than the total ITRs […]
Missed ITR filing deadline of July 31 for FY 2022-23? You can file belated ITR by Dec 31
The last date to file the income tax return (ITR) for FY 2022-23 (AY 2023-24) was July 31, 2023. If you have missed this deadline, you can still file it but it will be called a belated ITR and you have to do it by December 31, 2023. This is the last date to file […]
No Plan To Extend Deadline For Filing Income Tax Returns: Govt
The Ministry of Finance is not planning to extend the deadline for filing income tax returns. The last date for filing income tax (I-T) returns for the financial year 2022-23 (assessment year 2023-24) is July 31. Revenue Secretary Sanjay Malhotra on Friday said that there is no proposal under consideration for extending the ITR filing […]
Form 3CEB offline utility is now available for filing on Income Tax e-filing portal
The Income Tax Department has issued an Update dated October 04, 2022 regarding the Form 3CEB offline utility is now available for filing on the Income Tax e-filing portal. Source: Income Tax website
Income tax e-filing, GSTN portals working ‘pretty well’: Infosys CEO
The income tax e-filing and GST Network portals are working “pretty well” and the systems are running effectively, Infosys CEO Salil Parekh has said. Infosys has developed both the portals and is also the backend technology support provider. In an interview to PTI, Parekh highlighted the high GST collections, and 5.8 crore I-T return filings […]
CBDT reduces time limit for e-verification of ITR from 120 days to 30 days of filing the return w.e.f. August 01, 2022
The CBDT vide Notification No. 05 of 2022 dated July 29, 2022 regarding the reduction of time limit for verification of the Income Tax Return (“ITR”) from within 120 days to 30 days of transmitting the data of ITR electronically effect from August 01, 2022. The Central Board of Direct Taxes (CBDT) vide Circular No. […]
New record of over 72.42 lakh ITRs filed on a single day. About 5.83 crore ITRs filed till 31st July, 2022
The Department expresses its gratitude to taxpayers and tax professionals for making compliances in time leading to a surge in filing of Income Tax Returns (ITRs) resulting in a new record of ITRs filed on a single day. The surge of filing ITRs peaked on July 31, 2022 (due date for salaried taxpayers and other […]
FAQs on top ten clarifications sought by the Taxpayers while filing their Income-tax returns.
Question 1: Self-assessment tax paid but not reflecting in prefilled details. Resolution: As per the normal process, it takes 3 to 4 days for different banks to provide information to the department. Post that, it gets prefilled in the Tax-returns/Pre-filled JSON. Taxpayer may opt to wait for required time-period for auto reflecting details of the […]
ASK Centers shall remain open throughout India on 31.07.2022 being last day for filing Income Tax Return
Order F. No. 225/125/2022-ITA.II under Section 119(1) of the Income Tax Act, 1961 dated 30.07.2022 is published by Central Board of Direct Taxes – CDBT. Vide this order CBDT has directed that all ASK Centers to remain open on 31st July, 2022 during normal office hours. Further, special arrangements may also be made by way […]
Over 4 crore Income Tax Return filed so far with deadline ending Tomorrow
The Income Tax Department said that more than 4 crore returns had been filed through the e-filing portal until Friday for the financial year 2021-22, despite a widespread request for the due date to be extended beyond July 31. “Over 4.09 crore ITRs filed till July 28, 2022, & more than 36 lakh ITRs filed […]