#ITRDeadline

[taxgoal]

Last-Minute Income Tax Return Filing Guide: Don't Miss Today's Deadline!

Today marks the final day for filing your online income tax return in Delhi as emphasized in multiple official bulletins by the income tax department, with no extension being granted for the FY 2022-23 (AY 2023-24). If you have yet to file your income tax return, it is crucial to do so promptly today.

According to data released by the Income Tax Department, a considerable number of taxpayers have already successfully filed their ITRs for FY 2022-23 (AY 2023-24), and numerous taxpayers have also received their refunds.

Nevertheless, there are still several hundred salaried taxpayers who have not yet submitted their income tax returns for FY 2022-23. It's important to note that failing to file your ITR before the due date can lead to several consequences. If you miss today's deadline and file your return after the due date, you will be subject to a late fee. Non-furnishing or late furnishing of the return of income can also incur interest under section 234A. Additionally, there are fees under Section 234F for delayed filing, ranging from ₹1,000 to ₹5,000. It is, therefore, advisable to file your returns before the end of the due date.

If you are handling the income tax return filing process yourself, follow this step-by-step guide to avoid any errors:

Important documents needed:

The e-filing portal now provides pre-filled ITR forms, but certain incomes, such as capital gains, require manual filling. Prepare the following important documents while filing your income tax returns:

Form 16

Form 16A

Form 26AS

Capital gains statements

Proof of tax-saving investments

PAN Card

Medical insurance statement (if applicable)

Step-by-step guide to filing ITR:

·       Go to the Income Tax e-Filing portal.

Log in to the portal using your user ID (PAN), Password, and Captcha code.

Click on the 'e-File' menu and select the 'Income Tax Return' link.

Choose the appropriate Income Tax Return (ITR) form. As a salaried taxpayer with Form 16, you can use either ITR-1 or ITR-2.

Select the assessment year (AY) for which you want to file the ITR. In this case, choose the assessment year 2023-24.

Validate all the data entered in the form and submit it.

After submitting your return, verify it through any available options, such as Aadhaar OTP, etc.

Finally, re-check all your details and upload the form. Remember, your job is not complete until you verify your Online Income Tax Return Service in Delhi.

Conclusion

You all go with your trusted provider of Income Tax Return Services, and you can rest assured knowing that your financial matters are in capable hands. Their commitment to professionalism, integrity, and client satisfaction sets them apart. Experience the difference Taxgoal can make in simplifying your financial journey and achieving your tax goals. Contact them today and take the first step toward a brighter financial future.

[bigleep]

https://www.viralbake.com/missed-itr-deadline-on-december-31/

Have Missed the ITR Deadline on December 31? Know What To Do

[kanakkiyal]

[lawyer2ca]

🚀 Act Now to Rectify Missed Dec 31 ITR Deadline! Explore Condonation of Delay ⏰

- Lawyer2CA

🚨 December 31 signified, the final day for submitting belated or revised income-tax returns (ITRs) for those who had missed the earlier deadline.

🔍 If a taxpayer misses the deadline, he will be liable for fines and penalties, unable to carry forward business losses, accessing bank loans gets difficult, refunds are also delayed, salaried employees not able to opt for their preferred tax regime, and deductions such as 10A, 10B, and Chapter VI-A (Part C) are also not available.

💡 Taxpayers can request for Condonation of Delay from CBDT (Central Board of Direct Taxes) under section 119 of the Income Tax Act.

🚨 Penalty and Interest around INR 10,000/- and 1 percent per month respectively, can be levied after acceptance of the condonation request.

🔍 If the request is rejected, ITR-U can be filed.

💡 In the ITR-U, taxpayers can declare income that was not reported earlier. Additional tax and interest have to be paid on the undisclosed income.

🚨 The opportunity to update the return (ITR-U) is available only once.

🔍 ITR-U can be filed within 24 months from the end of the relevant assessment year (subject to certain conditions).

#incometax #condonationofdelay #FinancialCompliance #taxation #CBDT #ITRdeadline #financetips #Lawyer2CA

Link: https://www.business-standard.com/finance/personal-finance/missed-dec-31-deadline-for-revised-return-apply-for-condonation-of-delay-124010900969_1.html

[technicalstock]

Govt may need to extend ITR deadline if COVID-19 cases rise: Experts#amrgampassociates #coronavirus #coronavirusimpacts #covid-19 #financeministry #hostbooks #incometax #incometaxac #incometaxdepartment #incometaxreturn #investmentintaxsavinginstruments #itrdeadline #itrfilingdeadlineextended #july31taxdeadlineextended #november30 #returnofincome #scheduledi #tax #taxdeadlines #taxret

[kanakkiyal]

Sep 30, 2022, is the final deadline for individuals and businesses to file income tax returns (ITR) for the financial year (FY) 2021-22.For ITR Filing +91 - 81222 89593 / +91 - 81221 83745support@kanakkiyal.com www.kanakkiyal.com#ITRdeadline #incometaxfiling #Businesssetup #Incorporatecompany #ISOregistration #GST #trademark #companyregistration #taxandaccounting #FssaiRegistrationServices #taxfiling #AnnualRocFiling #kanakkiyalchennai #gstfiling #gstreturn #incometax #trademark #partnershipcompanyregistration #msmeregistrationintamilnadu #copyrightregistration #trustregistration #PFclaim #taxconsultancyinchennai #taxservices #ITfiling #kanakkiyal #chennai #legaldocumentation #businessregistration #license