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Story outline
- Bajaj said the feedback being received from taxpayers is that the return form has become very easy to file and that refunds are also being made in a very quick time.
- Over the last two financial years, the government had extended the deadline for filing ITRs to ease compliance for taxpayers battling covid pandemic.
Income tax returns filing last date is July 31; no plan to extend deadline, says Revenue Secretary
The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official said on Friday. Revenue Secretary Tarun Bajaj said over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up.
Last fiscal (2020-21), about 5.89 crore ITRs (Income Tax Returns) were filed by the extended due date of December 31, 2021.
"People thought the routine now is that dates will be extended. So they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns," he told PTI.
Over 4.09 crore ITRs filed till 28th July, 2022 & more than 36 lakh ITRs filed on 28th July, 2022 itself.The due d… https://t.co/xiB7dm9wgb
— Income Tax India (@IncomeTaxIndia) 1659079442000
Typically, return filers wait till the last day to file returns.
"Last time 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day)," he said.
As per I-T rules, the deadline for filing ITRs of a fiscal by individual taxpayers who do not need to get their accounts audited is July 31 of the subsequent financial year.
- Also read: How to file ITR
Through ITR, a person is supposed to submit to the Income Tax Department of India. It contains information about the person's income and the taxes to be paid on it during the year.
The Income Tax Department has prescribed 7 types of ITR forms, whose applicability will depend on the nature and amount of income and the type of taxpayer.
The tax department's new income tax filing portal is now very robust to take the increased loads.
"So far, there is no thinking of extending the last date of filing," he said.
Also read: ITR filing must for these people even if income below exemption limit
Bajaj said the feedback being received from taxpayers is that the return form has become very easy to file and that refunds are also being made in a very quick time.
- Also read: Will ITR filing deadline for FY 2021-22 be extended? Here's what tax experts have to say
On some complaining about difficulty in filing returns, he said 2.3 crore people have already filed returns without any complaints.
"Previously 50,000 people were filing returns daily and now this number has gone up to 20 lakh. I am confident that returns will go up in the next few days and people will file their returns," he said.
Over the last two financial years, the government had extended the deadline for filing ITRs to ease compliance for taxpayers battling covid pandemic.
Also read: 22% say difficult to file ITR by July 31 deadline; 10% face glitches on e-filing portal: Survey
( Originally published on Jul 22, 2022 )
In Video: Income tax returns filing last date is July 31; no plan to extend deadline, says Revenue Secretary
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