ITR filing: the last date to file the income tax return for FY 2021-22 is July 31.

 ITR filing: the last date to file the income tax return for FY 2021-22 is July 31.

 

The last date of filing an Income Tax Return is July 31, 2022. This means the taxpayers have less than 15 days to do the ITR filings for Financial Year 2021-22. The last date for filing income tax returns for the financial year 2021-22 and assessment year 2022-23 is July 31. One should know that there are different ITR due dates or deadlines for different types of taxpayers.

 

Income tax filing due dates for FY 2021-22 (AY 2022-23)

Category of Taxpayer	Due Date for Tax Filing- FY 2021-22 * (unless extended)
Individual / HUF/ AOP/ BOI (books of accounts not required to be audited)	31st July 2022
Businesses (Requiring Audit)	31st October 2022
Businesses (Requiring TP Report)	30th November 2022

 

Individuals and salaried employees whose accounts are not required to be audited can file their IT returns by July 31. For taxpayers whose accounts need to be audited, the deadline is October 31.

If any taxpayer is not able to file his income tax returns by the said period can land into a lot of trouble. You may have to pay more taxes if you are not filing ITR within the deadline. 

The portal incometaxindiaefiling.gov.in help taxpayers to file their income tax returns online, from the comfort of their homes. The user has to just log in to the income tax e-portal. However, the e-filing portal had several glitches that were flagged by users. 

Income Tax Return (ITR): Steps to file online
- Visit the official website, https://www.incometax.gov.in/iec/foportal
- Log in using your PAN.
- On the homepage, go to ‘Download’ and under the relevant year, select the ITR-1 (Sahaj) return preparation software. It will be downloaded in the form of Excel.
- Open fill-in the relevant details from Form-16 on the excel sheet.
- Calculate all the relevant details and save the sheet.
- Click on 'submit Return’ and upload the saved excel sheet.
- Now, upload the digital signature. You can skip this step also.
- The successful e-filing submission message will be displayed on your screen.
- The ITR verification acknowledgment form will be sent to your registered email ID.

Tax is Leviable on:
- Income from Salary
- Income from House Property
- Income from Business & Profession
- Income from Capital Gain
- Income from Other Sources

 

Frequently Asked Questions

 

How to claim an income tax refund after the due date?

An income tax refund can be claimed only when you file ITR. However, if you skip the due date for filing ITR, you can file a belated return on or before 31st December of the assessment year. A penalty of Rs 5,000 is charged for the delay in filing of return. However, if the total income of the person is less than Rs 5 lakh, then the fee payable is Rs 1,000.

How to file an income tax return after the due date?

You can file a belated return on or before 31st December of the relevant assessment year.

How to pay income tax after the due date?

If you have missed paying taxes and filing your return within the due date, you will be levied a late filing penalty and interest while filing a belated return. A penalty of Rs 5,000 is charged for the delay in filing of return.
However, if the total income of the person is less than Rs 5 lakh, then the fee payable is Rs 1,000.

Under which section income tax return is filed after the due date?

Section 139(4) allows for the filing of a belated return i.e return after the due date. A penalty of Rs 5,000 is charged for the delay in filing of return.
However, if the total income of the person is less than Rs 5 lakh, then the fee payable is Rs 1,000

What is the due date for filing income tax return?

Usually, the due date to file an income tax return is 31st July for individuals and non-audit cases, and 31st October for audit cases of the relevant assessment year. You can easily e-file your income tax return 10 minutes.

How to revise income tax returns before the due date?

If the taxpayer wants to revise the original return due to some amendments, the same can be done using the revised return under Section 139 (5). The revised return can be filed as per the standard procedure followed for original return filing. However, the taxpayer has to submit the ITR under Section 139(5). The entire process of e-verification needs to be completed while revising the return.

How to revise income tax returns after the due date?

If the taxpayer wants to revise the original return due to some amendments, the same can be done using revised return u/s 139 (5). You can file a belated return on or before 31st December of the assessment year.
Taxpayers cannot file any return once this date is passed. However, if the return was missed due to an extreme situation, you can lodge a request to your A.O. seeking permission to file past returns under Section 119.

What happens if the income tax return is not filed before the due date?

If you fail to file an income tax return within the due date, a belated return can be filed. However, a penalty of up to Rs 5,000 for late filing will be charged for filing belated returns. If the total income of the person is less than Rs 5 lakh, then the fee payable is Rs 1,000. Hence, it is advisable for timely filing of income tax returns unless in exceptional circumstances.

What is the due date of return filing for Trusts?

The due date of return filing of trust for FY 2021-22, whose accounts are not required to be audited is 31st July 2022. If the accounts of the trust are required to be audited, the due date to file ITR will be 31th October 2022.
Suppose the trust is required to furnish a report in Form No. 3CEB u/s section 92E, the due date to file ITR will be 30th November 2022.

What is the due date of return filing for Companies?

The due date of return filing of domestic companies for FY 2021-22 is 31st October 2022. However, if the company is having any international transaction or specified domestic transaction who is required to furnish a report in Form No. 3CEB u/s section 92E, the due date to file ITR will be 30th November 2022.

What is the last date to file ITR?

The last date to file ITR for individuals is 31st July of the relevant assessment year and 31st October for taxpayers whose accounts are subject to audit.

What is the last date of ITR for AY 2022-23?

The last day for filing income tax returns for FY 2021-22 is 31st December 2022 for most individual taxpayers. Filing returns beyond the deadline can attract a penalty of up to Rs 5,000. However, if the total income of the person is less than Rs 5 lakh, then the fee payable is Rs 1,000.

As the deadline is approaching, it is never a good idea to wait for the return filing deadline. Filing your income tax return has been made easier