ITR Deadline:Â The Income Tax Department has extended the deadline for filing belated ITR till 15 January.
ITR Deadline: The problems of people who could not file ITR had increased. The last date for filing belated ITR was 31 December with a penalty of Rs 5,000. If such people missed the deadline by 31 December, they would have to be deprived of all the benefits of income tax rebate. Apart from this, they would also have to pay a huge income tax. But now there is no need to worry.
Taking into account the problems of such people, the Income Tax Department has extended the deadline for filing belated ITR till 15 January. This concession is only for individual taxpayers. Those who have already filed income tax returns within the deadline can also file revised ITR if needed.
Information has been sent to taxpayers, revise ITR
Many taxpayers have also been informed by the Income Tax Department that their ITR is not matching with the annual transaction. Therefore, they should correct their ITR. This is a great opportunity for such people. The date of filing belated ITR is a great opportunity for such people. They can check their ITR and correct it.
If any transaction is missed in it or there has been wrong reporting about it, then it can be corrected by filing a belated income tax return. It should be known that the original deadline for filing ITR for individuals was only till July 21. The date for filing ITR with penalty was December 31. Now it has been extended to January 15.
Bombay High Court had given the order
In the circular issued by CBDT, it has been said that the time limit for filing belated income tax return has been extended from December 31 to January 15. The Bombay High Court had also on December 20 ordered the CBDT to extend the date for filing belated income tax returns from December 31.
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