ITR filling last date: The Revenue Secretary said on Friday that the government is not considering it. Only 10 days are left from today to file ITR.
ITR filling last date: There is an important news for those filing income tax return. If you are in doubt that the government will extend the ITR filing deadline even after July 31, 2022, then take it out of your mind. The Revenue Secretary on Friday made it clear that the government is not contemplating to extend the July 31 deadline for filing income tax returns. Now only 10 days are left with the taxpayers to file ITR. The Income Tax Department is advised to file your ITR on time.
For them, the deadline of July 31 is
Jobseekers and those with non-auditable accounts must file income tax returns by 31 July (ITR filling last date 31 july). If you miss this, you may have to pay a penalty. The government has expanded the scope of income tax filing this year to bring more people into the tax bracket. Now many more income groups and people with income are also having to file Income Tax Return (ITR).
Govt not considering extending July 31 deadline for filing income tax returns: Revenue Secretary
— Press Trust of India (@PTI_News) July 22, 2022
Who has to fill ITR
If the sales, turnover or income in the business is more than 60 lakhs, then the return (ITR) has to be filed. ITR has to be filed even if the income of the professional is more than Rs 10 lakh per annum. Apart from this, income tax return will have to be filed even if the amount of TDS and TCS exceeds Rs 25000 in a year. However, the limit of TDS + TCS has been kept at Rs 50,000 for taxpayers who are 60 years or more.
If the amount deposited in the bank savings account is 50 lakhs or more in 1 year, then such depositors will also have to file their tax return. The new rules are applicable from April 21.
