Revenue Tax Division posted a message for taxpayers

The brand new e-filing portal was launched on June 7, 2021. (consultant photograph)

The Revenue Tax Division has requested the taxpayers to file the return inside the stipulated date. The final date for submitting Revenue Tax Return (ITR) with out late price for the monetary 12 months 2021-22 (AY 2022-23) is July 31, 2022 (except prolonged by the federal government).

The IT division in a tweet urged folks to file early.

Including the hashtag #FileNow, the Revenue Tax Division stated, “ITR submitting for the election 12 months 2022-23 is out there on the e-filing portal. Verify your Type 26AS, AIS and different related paperwork earlier than submitting. Be an early filer “

The due date for submitting ITR is the date as much as which the return may be filed with none penalty.

In case of corporates, the final date for submitting ITR is 31 October of the evaluation 12 months (except prolonged by the federal government).

The brand new e-filing portal, launched on June 7, 2021, began from the very starting with taxpayers and professionals reporting discrepancies and difficulties in its functioning. Infosys was awarded the contract to develop the portal in 2019.

A 12 months later, a number of customers stated that many points nonetheless remained the identical, after which the IT division requested Infosys to resolve it on a precedence foundation.

In the meantime, Central Board of Direct Taxes chairperson Sangeeta Singh stated earlier this month that there was a rise within the variety of revenue tax returns in FY22 as in comparison with the earlier fiscal.

Ms Singh informed information company PTI that the variety of revenue tax returns stood at 7.14 crore within the final fiscal, as towards 6.9 crore within the earlier fiscal, exhibiting a transparent enhance.

For FY 2012, the tax assortment is over Rs 14 lakh crore, which, in accordance with the Chairman, is significantly better than the FY 2010 assortment.

Supply hyperlink

Online Rich Tech

Online Rich Tech