ITR Filing Last Date before 31st December

Spread the love

There are only a few hours left to file your income tax return if you haven’t already.

The deadline for filing income tax returns is Friday.

The Income Tax Return (ITR) filing deadline for the assessment year 2021-22 is December 31, 2021. According to the Income Tax Department, 5.09 crore people have submitted forms as of December 29. On December 29, around 23.24 lakh people filed income tax forms. As a result, you must submit your income tax return by December 31st. You will not be charged if you file your income tax return by the 31st of December.

What will happen if you file your income tax return after deadline

If you file your income tax return after December 31, 2021, you will be penalized.

Let us inform you that if you file your income tax return for the assessment year 2021-22 beyond the deadline of December 31, 2021, you will be charged a penalty of Rs 5,000. If you file your income tax return for the assessment year 2021-22 after March 31, 2022, you will have to pay a penalty of Rs 10,000. If your income is less than Rs 5 lakh, you’ll have to pay a penalty of Rs 1,000. As a result, if you wish to avoid paying a penalty, you must file your tax return by December 31, 2022.

Will the ITR filing deadline be extended?

The question arises as to whether the deadline for filing income tax returns for ordinary taxpayers whose accounts do not require audit can be extended further. The curtain on this, however, has yet to be raised. Regardless of the circumstances, you must file your income tax return by December 31, 2021. The Income Tax Department makes the same request over and over.

Leave a Comment