Earnings Tax Division posted a message for taxpayers

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

The Earnings Tax Division has requested the taxpayers to file the return inside the stipulated date. The final date for submitting Earnings 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 individuals to file early.

Including the hashtag #FileNow, the Earnings Tax Division stated, “ITR submitting for the election 12 months 2022-23 is obtainable on the e-filing portal. Test 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 www.incometax.gov.in, 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 instructed information company PTI that the variety of revenue tax returns stood at 7.14 crore within the final fiscal, as in opposition to 6.9 crore within the earlier fiscal, displaying a transparent improve.

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

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