The income tax department has urged taxpayers to file their returns before the last date of the income tax return filing in 2023. To avoid the last-minute rush and penalties the department has already alerted the notification regarding filing ITR. 31 July 2023 on Monday is the last date to file the income tax return insured ITR for the financial year of 2022-23. In this post we are going to tell you about what is the last date for the taxpayer to pay the tax in the form of ITR, in which platform you can easily pay your ITR. To know all about Income Tax Return Last Date 2023 Stay with us in this post at last.
Income Tax Return Last Date 2023
According to the income tax department, the final date or the last date to file the ITR is 31 July 2023 on Monday. This means taxpayers have less than a week to file their ITR as soon as possible. The income tax department has already said that taxpayers should file their returns at the earliest to avoid the last-minute disruption and penalties. So as of now the Central Board of direct taxation has not indicated or made any announcement regarding the extension of the last date to file the income tax returns.
And it is also the very last chance that the income tax return date will be extended. So you do not have to wait about that because there is not any announcement being made from the office regarding the extension of the last date to file ITR. It is most likely the deadline to file an ITR for the financial year 2023 for assessment year 2023-24.
Income Tax Return Last Date 2023 Overview
| Title | Income Tax Return Last Date 2023 |
| Year | 2023 |
| Category | Date |
| Last Date | 21 July |
| Day | Monday |
| Financial Year | 2022-23 |
Last Date For Filing Income Tax
The last date for filing income tax is already released and that is 31 July 2023. So those taxpayers who want to file their income tax returns have to file their income tax return before 31 July 2023 because at the last time the side maybe crash or you have to pay last minute rush and let penalties. The announcement is already done and there will be no extension in the date of income tax return filing. On Monday the CBDT chairperson Nitin Gupta said that four crore income tax returns for financial year 2023 has been filed so far and from of this around 7% or new or first-time filers.
Income Tax Due Date Extension Latest News
According to the chairperson of a CBDT Nitin Gupta this is good news for the Indian government and for the nation that around 7% taxpayers are new or first-time filers. This is also a good indicator to develop the national GDP. He also said that on the location of income tax day further said that over half of these IT hours have been processed and around 80,00,00 refunds have been already issued. So those who already get their refunds on their bank account can be able to relax themselves. And those do not do not received income tax can also relax because after some days their refund will be provided.
ITR Filing Last Date 2023 For Individual
The income tax return filing last date 2023 for individuals will not be going to extend. Because according to officials there is no official announcement regarding the extension of date. However there can be some penalties after the last date that you have to pay with your income tax returns. So this is the last week for your income tax return payment and you can pay your income tax before the deadline. Those who are reading this article and if someone misses their filing income they should be aware about the income tax return penalty.
ITR Filing 2023
ITR Filing 2023 is very important for those who want to pay the tax. In this case taxpayers are willing to belated ITR and they have to pay a fees of 5000 which is Levied under section 230 4F of the income tax act according to 1961. We have already given the last date and for those individuals who have a total income which does not exceed the rate five lakhs in their physical year they should not have to pay the ITR. And if we talk about the maximum penalty for filing a belated ITR is Rs.1000.
What Is Belated ITR?
Those who do not know about what is belated ITR should aware of the belated income tax return. The belated ITR is the ITR which you have to pay after the last date of the income tax return paying date. After the last date you have to pay some sort of penalty to overcome your income tax return. The penalty will be decided according to the days after which you are going to pay your income tax return. So this is all about Income Tax Return Last Date 2023.
FAQs related to Income Tax Return Last Date 2023
What is the last day to file Income Tax Return 2023?
The last date to file the ITR is 31 July 2023.
Will there be any extension in Income Tax Return Last Date 2023?
There will be no extension in the date of ITR file.
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