Individuals who do not need to get their income accounts audited must file ITR for the assessment year 2022-23 by July 31
Revenue Secretary Tarun Bajaj on Friday said the government is not considering extending the July 31 deadline for filing the income tax return (ITR), according to news agency PTI. So, for now, individuals who do not need to get their income accounts audited must file ITR for the assessment year 2022-23 by July 31.
Over 2.3 crore income tax returns were filed till July 20 for the financial year 2021-22 and the numbers are picking up. Last year, around 5.9 crore ITRs were filed till December 31, 2021, the extended deadline. “People thought the routine now is that dates will be extended. So, they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns,” according to PTI quoting Bajaj as saying.
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The last date of income tax return varies from one taxpayer to another based on categories. Salaried employees and other individuals as well as Hindu Undivided Families, who do not need an audit, need to file the ITR by July 31. However, those taxpayers who need to get their accounts audited, including a working partner of a firm and a company, need to file the ITR by October 31.
“Last time, 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day),” he said.
