ITR Filing Income Tax Return: Big relief news has come from the Finance Department for Indian taxpayers. The government has extended the last date for filing income tax, earlier the last date for filing ITR for individual taxpayers was July 31, 2022, but now it was not extended, but it is very good news for companies, now the income tax Period. the submission of statements has been extended.
According to reports, the Finance Ministry of India has extended the date of filing the income tax return for the category of companies in the assessment year 2022-23. Also, let us tell you that the last date for filing ITR under this category was 7th November 2022, which has been extended to 30th November 2022. Taxpayers have got a big discount, and the period for filing income tax returns has been extended until this date.
ITR Filing: last date extension, now you can pay tax till this date
According to information received from sources, companies that have not yet filed income tax returns could not complete them for some reason. So he was given one last chance. According to this the period for filing the income tax return has been extended again. The last date for filing income tax returns for them was November 7, 2022, which has been extended to November 30, 2022.
CBDT extended this date
The Central Board of Direct Taxes (CBDT) issued a notification saying that it has extended the deadline for funding audit reports last month. Now it has been decided to extend the deadline for submitting the income tax return. This is good news for those companies that have not yet paid income tax and now have another chance to pay income tax. If the ITR is still not filed then a penalty of 5000 will have to be paid.