Missed deadline to file Income Tax Return? Here's what you need to do
India Today
What should you do if you have missed the deadline to file your Income Tax Return? Read on to find out.
The deadline to file the Income Tax Returns ended on Sunday, July 31. For the assessment year 2022-23, as many as 5,82,88,962 people have filed Income Tax Returns so far. According to the Income Tax Department, 67,97,067 ITRs were filed in a day till 11 pm on Sunday. As many as 4,50,013 returns were filed in just one hour between 10 pm and 11 pm.
Statistics of Income Tax Returns filed today.67,97,067 #ITRs have been filed upto 2300 hours today & 4,50,013 #ITRs filed in the last 1hr.For any assistance, pl connect on orm@cpc.incometax.gov.in or on our help desk nos 1800 103 0025 & 1800 419 0025.We will be glad to assist!
According to tax laws, a Rs 5,000 late fee would be payable by people having an annual income of over Rs 5 lakh, if they file their ITR by December 31 of the assessment year. Individuals with an annual income below Rs 5 lakh will be liable for a late fee of Rs 1,000 for delayed return filing.
If you have missed filing your Income Tax returns, here’s what you need to do.
First, you will have to file an appeal for condonation with the commissioner of income tax of your ward for refunds and losses carried forward.
