ITR Filing: The last date for filing Income Tax Return (ITR) for FY 2022-23 is July 31, 2023 for most taxpayers. Taxpayers who are required to get their accounts audited under the Income Tax Act, such as companies, LLPs and certain individuals, the last date for filing ITR is 31 October 2023.
Income Tax Return Last Date: Filing income tax return is necessary for every person whose income comes under taxable income. Tax returns are filed under different income tax slabs on the basis of different income. However, one special thing should also be kept in mind while filing income tax return. Actually, there should be information about the last date for filing income tax return, otherwise a lot of loss may have to be incurred.
Income tax return
The last date for filing Income Tax Return (ITR) for the financial year 2022-23 is July 31, 2023 for most taxpayers. Taxpayers who are required to get their accounts audited under the Income Tax Act, such as companies, LLPs and certain individuals, the last date for filing ITR is 31 October 2023.
tax
On the other hand, if someone is not able to file income tax return by the due date, then they also have to pay the fine later. People may have to face many problems if ITR is not filed or filed late. If the ITR is not filed within the due date (i.e., July 31 for most taxpayers) and is filed after that, taxpayers will have to pay a penalty amount of Rs.5000. Its limit is 31 December 2023.
Fine
On the other hand, if someone files income tax return after December 31, then the penalty amount will increase to Rs 10,000. At the same time, interest can also be imposed under sections 234A, 234B and 234C of the Income Tax Act if there is a delay in filing ITR. In this case, you can file income tax return individually till 31 July 2023 without any penalty amount. In such a situation, this date is also getting closer.
