New Delhi | Jagran Business Desk: Amid Chartered Accountants and the citizens from all over country demanding an extension to file income tax return due to glitches in the ITR portal, the Revenue Secretary of Government of India said that there is no such proposal under government's consideration at present, "There is no proposal to extend the date for income tax return filing," Tarun Bajaj, Revenue Secretary, Government of India said.
The due date for filing Income Tax Return for 2021-22 is December 31, 2021. The original deadline was July 31, 2021. For the 2019-20 fiscal, 5.95 crore ITRs were filed till the extended deadline of January 10, 2021.
“More than 5.5 crore #ITRs for AY 2021-22 filed till 11:30 am today! This includes 2.15 lakh #ITRs filed in the last one hour," the income tax department tweeted on Friday morning. As of now, 5,69,36,838 ITRs have been filed, according to official date.
“Income tax return filing is going on smoothly. By 3pm today, 5.62 crore returns have been filed in total. Today, more than 20 lakh returns were filed. This year 60 lakh more returns have been filed," Bajaj said during the press briefing to reporters.
Submitting your ITR after the due date will also attract a penalty of Rs 5,000.
This is applicable for individuals with above Rs 5 lakh income. In case the income is below Rs 5 lakh, the penalty amount is Rs 1,000. Therefore, even if you are filing for a non-taxable amount, you still have to pay the penalties.
In case you fail to file your income tax return even after the last date, that is March 31 2022, the Income Tax department can charge a minimum penalty of 50 per cent of the payable tax amount in addition to concerned interest charges and penalties.
Posted By: Mukul Sharma