Income Tax Return (ITR) submitting due date 2022 is close to. It is essential for each taxpayer to file their ITR earlier than the final date. Failing to take action results in a penalty within the type of a late submitting payment. The final date to file ITR this yr for a lot of the taxpayers for FY 2021-22 is thirty first July. One ought to know that there are completely different ITR due dates or deadlines for several types of taxpayers. Read on to seek out the Income Tax Return submitting due date for several types of taxpayers, the place to file the returns and what it prices if somebody misses the deadline.
ITR submitting due date 2022 for people, salaried
The Income Tax Return submitting deadline for people and salaried workers whose accounts should not required to be audited is July 31.
ITR submitting final date 2022 for HUF
According to the Income Tax Rules, the final date to file ITR for Hindu Undivided Families HUF), whose accounts don’t have to be audited, can also be July 31.
ITR deadline for taxpayers these accounts have to be audited
The accounts of some taxpayers have to be audited. Such taxpayers are offered prolonged time to file their ITRs. The due date of ITR submitting for such taxpayers is October 31, 2022 (until prolonged by the Government).
These taxpayers embody an organization, a working accomplice of a agency or people and different entities like proprietorship, agency and so forth. whose accounts are required to be audited.
ITR due date for taxpayers who should report underneath Section 92E
Taxpayers should submit a report underneath Section 92E once they have undertaken worldwide transactions in the course of the related monetary yr. The ITR submitting deadline for such taxpayers is November 30, 2022.
ITR late submitting penalty
Taxpayers should pay a late submitting payment. Under part 234F, a late submitting payment of Rs 5000 applies for submitting ITR after July 31. However, the penalty for lacking the ITR deadline is simply Rs 1000 for small taxpayers having lower than Rs 5 lakh annual taxable earnings.
Additionally, taxpayers might also should pay an curiosity penalty underneath Section 234A of the Income Tax Act 1961 if submitting ITR after the due date. The curiosity penalty applies when the person pays his/her self-assessment tax dues after July 31. In case advance tax dues are paid then curiosity penalty underneath Section 234B and 234C might also apply.
Belated ITR submitting due date
The final date to file a belated Income Tax return is thirty first December 2022.
Till now the Government of India has not introduced an extension of the ITR submitting deadline. Hence, taxpayers have to file their returns on or earlier than July 31, October 31 or November 30 as relevant.
Where to file ITR
Taxpayers can file their ITR for AY 2022-2023 on the Income Tax web site (https://incometaxindia.gov.in) by themselves. They may take the assistance of tax submitting professionals like CAs. There are some on-line platforms additionally that make it straightforward for taxpayers to file their returns.
Source: www.financialexpress.com”