The last date to file Income Tax Returns (ITR) for the financial year 2021-22 is July 31. Those who have missed the due date can still file their ITR by December 31st but they have to pay interest on the tax due. Any delay beyond July 31 can attract interest on the tax due, as per Section 234A of the Income Tax Act of 1961. The late fee for the taxpayers whose annual income is
As the deadline to file Income tax returns inches closer, 41 per cent of Indians who qualify to file the return are yet to file their papers for FY 2021-22, 22 per cent.
The government is not considering extending the last date for filing income tax returns as it expects most returns to come in by the due date of July 31, a top official has recently said, as quoted by news Agency PTI.