Government In No Mood to Extend ITR Filing Due Date

 

The Central Board of Direct Taxes (CBDT) is not considering to extend the last date of Income Tax return (ITR) filing which is 31st July, 2022 for the financial year 2021-22, a top official quoted.

Revenue Secretary Tarun Bajaj has cleared the wind by saying “So far, there is no thinking of extending the last date of filing. 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)”.

Regarding this Bajaj has informed that over 2.3 crore income returns were filed by 20th July 20 for fiscal 2021-22 and the numbers are picking up. Though, typically, return filers wait till the last day to file returns.

“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.

“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 added.

Source:


Knowledge Source :

Rs 78 Lakh Penalty Imposed on E-Commerce Companies

Leave a Reply

Your email address will not be published. Required fields are marked *