Added: Tempestt Henkel - Date: 07.01.2022 00:24 - Views: 24229 - Clicks: 6837
The new deadlines for filing the various ITRs are as follows:. A late filing fee is levied after the due date. The penalty is Rs 1, if income is less than Rs lakh. Since the due date has been extended to December 31,this won't apply before the new deadline. If income tax, after the reduced tax deducted at source TDSadvance tax etc. Tax practitioners thus suggest that returns be filed as soon as possible to avoid further accumulation of interest. You might be wondering why interest is levied in the first place.
The intent behind this move is to dissuade people from delaying the filing of their tax returns. However, in this case, tax experts say that interest is being levied for no fault of taxpayers. The government had given Infosys, the service manager for the new income tax portal, until September 15 to sort out technical problems. PrimeTalk invite Blurring the lines of retail. Choose your reason below and click on the Report button. This will alert our moderators to take action. Nifty 18, IRCTC 5, Market Watch.
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Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Tax How to file ITR. Tax Saving. ITR Forms. Income Tax Refund. Tax Exemption Limit. Income Tax Slabs. Insure Life Insurance. Health Insurance. Motor Insurance. Other Risk Covers. Personal Finance News. Mutual Funds. Income tax return filing deadline for FY extended to December 31, Preeti Motiani. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. Story outline This is the second time this financial year the government has extended the deadline of filing ITR for individuals whose s are not required to be audited.
The ITR filing deadline has been extended due to the many technical issues related to the government's newly launched tax filing portal. The government has once again extended the deadline to file income tax return ITR for FY by three months to December 31, from September 30, The deadline has been extended due to the glitches on the new income tax portal which had made it difficult for scores of taxpayers to complete their ITR filing process.
This is the second time this financial year that the government has extended the deadline of filing ITR for individuals whose s are not required to be audited. Earlier, due to the second wave of the Covid, the ITR filing deadline was extended by two months from the usual deadline of July 31 to September 30, Why is interest levied? News on ITR Filing Deadline Extended itr filing deadline income tax return itr filing deadline extension tax return filing e filing portal taxation. Your legal guide on estate planning, inheritance, will and more. Modern retail PrimeTalk invite Blurring the lines of retail.
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