Record 6.77 Crore ITRs Filed for AY 2023-24 Till July 30, Last Date for Filing ITR Without Late Fees is September 30

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Record 6.77 Crore ITRs Filed for AY 2023-24 Till July 30, Last Date for Filing ITR Without Late Fees is September 30

The Income Tax Department (ITD) has said that a record 6.77 crore income tax returns (ITRs) have been filed for the assessment year (AY) 2023-24 till July 31, 2023. This is a growth of 16.1% over the corresponding period last year, still the Last Date for Filing ITR Without Late Fees is September 30.

The ITD said that the number of ITRs filed by individuals increased by 15.6%, while the number of ITRs filed by companies increased by 22.5%. The number of ITRs filed by professionals also increased by 20.2%.

The ITD attributed the increase in ITR filing to a number of factors, including the introduction of new ITR forms, the simplification of the ITR filing process, and the increased awareness among taxpayers about the importance of filing their ITRs.

The ITD said that it is committed to making the ITR filing process even more convenient and easy for taxpayers. The department has also launched a number of initiatives to help taxpayers file their ITRs online.

The last date for filing ITRs for AY 2023-24 without late fees is September 30, 2023. However, taxpayers who are unable to file their ITRs by this date can still file them with late fees.

Record 6.77 Crore ITRs Filed for AY 2023-24 Till July 30, Last Date for Filing ITR Without Late Fees is September 30

The ITD has said that it will be taking strict action against taxpayers who fail to file their ITRs. The department has also warned that taxpayers who file false or inaccurate ITRs will be liable for prosecution.

Here are some of the key takeaways from ITR 2023-2024:

  • A record 6.77 crore ITRs have been filed for AY 2023-24 till July 31, 2023.
  • The number of ITRs filed by individuals, companies, and professionals has all increased.
  • The ITD has attributed the increase in ITR filing to a number of factors, including the introduction of new ITR forms, the simplification of the ITR filing process, and the increased awareness among taxpayers about the importance of filing their ITRs.
  • The last date for filing ITRs for AY 2023-24 without late fees is September 30, 2023.
  • The ITD has warned that taxpayers who fail to file their ITRs or who file false or inaccurate ITRs will be liable for prosecution.

Here are some additional details regarding ITR from TTD:

  • The ITD has said that the increase in ITR filing is a sign of the growing compliance culture among taxpayers in India.
  • The ITD has also said that it is committed to providing taxpayers with the best possible service.
  • The ITD has launched a number of initiatives to help taxpayers file their ITRs online, including the e-filing portal and the ITR-V form.
  • The ITD has also said that it is working on a number of new initiatives to make the ITR filing process even more convenient and easy for taxpayers.

Last Date for Filing ITR Without Late Fees is September 30

The last date for filing income tax returns (ITRs) for the assessment year (AY) 2023-24 without late fees is September 30, 2023. This means that taxpayers who have not yet filed their ITRs for the financial year 2022-23 must do so by this date in order to avoid paying late fees.

The Income Tax Department (ITD) has said that it has received over 6.77 crore ITRs for AY 2023-24 till July 31, 2023. This is a growth of 16.1% over the corresponding period last year.

The ITD has attributed the increase in ITR filing to a number of factors, including the introduction of new ITR forms, the simplification of the ITR filing process, and the increased awareness among taxpayers about the importance of filing their ITRs.

The ITD has said that it is committed to making the ITR filing process even more convenient and easy for taxpayers. The department has also launched a number of initiatives to help taxpayers file their ITRs online.

Taxpayers who are unable to file their ITRs by September 30, 2023 can still file them with late fees. The late fees are as follows:

For the first month of delay: Rs. 500
For the second month of delay: Rs. 1,000
For the third month of delay: Rs. 1,500
For the fourth month of delay: Rs. 2,000
For the fifth month of delay: Rs. 2,500

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Last Date for Filing ITR is by September 30, Taxpayers who fail to file their ITRs by the due date may also be subject to penalties under the Income Tax Act, 1961.

The ITD has warned that taxpayers who fail to file their ITRs or who file false or inaccurate ITRs will be liable for prosecution.

Here are some tips before last date for Filing ITR without Late Fees:

Start early. Do not procrastinate when filing your ITR. This will give you plenty of time to gather all of the necessary documents and information.

Use the e-filing portal. The e-filing portal is the most streamlined and efficient way to file your income tax return. You can access the portal at https://www.incometaxindia.gov.in/.

Get help from a tax professional. If you require assistance with filing your ITR, you can enlist the help of a tax professional. A tax professional can help you understand the tax laws and ensure that you file your ITR correctly.

Don’t miss the deadline! The last date for filing ITRs without late fees is September 30, 2023. File your ITR today to avoid paying late fees and penalties.

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