ITR filing FY 2022-23 News

In the last nine years, ITR filings has shown a consistent upswing, as per the Income Tax Department's Time Series Data of Direct Taxes and Income Tax Return statistics.

In response to a query raised by tax payer, chartered accountant Nirav Choksi on X (formerly Twitter), the tax department said that "an email communication regarding this will be sent to you shortly".

Incase you've completed your ITR submission but have yet to verified it, there are three concerns that should be cause of your concern, check them out.  

Filed ITR FY 2022-23 and eligible for Income Tax Refund? Check these important points  

People on social media are pointing to heavy rainfall in various parts of the country and technical problems with the ITR portal as the reasons for their inability to meet the July 31 deadline. 

Filing ITR can be done both online and offline. Not filing ITR or late filing can attract penalty up to Rs 5,000. Check the details.

Before Filing Your ITR You must keep these 9 Checklist of documents or information for filing ITR-1 SAHAJ.

Since today is the last day to file your ITR, you must be mindful that you don't comit any last minute error. 

All home loan borrowers are required to submit home loan certificates to avail tax deductions to claim tax benefits on the home loan principal and home loan interest repayment under sections 80C and 24 of the Income-tax Act, 1961, respectively

ITRs must be submitted by July 31, 2023, for the fiscal year 2022–2023. However, some taxpayer groups, such as those who select ITR-6, are permitted to file their ITRs at a later date.

Earlier, it was quite simple to evade tax authorities, but now many people may struggle because software used by the revenue department has detected their returns, according to a July 22 article in the Economic Times.

You will be subject to penalties and may get a notification from the Income Tax Department if you fail to submit your ITR by the deadline.

An NRI tax payer has posted in his twitter that he filed his tax returns  but when he tried to check the refund status, a message prompted that sine his PAN card was inoperative, refund could not be issued. 

The I-T department has urged that those who haven't filed ITR for AY 2023-24, to file their ITR at the earliest to avoid last minute rush. 

ITR Filing FY 2022-23: While Excel utilities of ITR 1 and ITR 4 are available for filing, the JSON utility is not.

CBDT extends ITR filing deadline to Nov 7, 2022 on Wednesday for FY 23. Earlier, the last date for filing ITR was October 31. You can check your ITR status by following these steps.