New update regarding the last date for filing ITR, Revenue Secretary said – there will be no new deadline
Revenue Secretary Sanjay Malhotra has given a big update regarding the last date for filing ITR. He has said that the government is not going to extend the deadline in any way. Explain that if a person does not submit ITR on time, then a fine of up to Rs 1000 can be imposed on income up to Rs 5 lakh and up to Rs 5000 on income above that.
Revenue Secretary Sanjay Malhotra has asked all taxpayers to file their ITR as soon as possible before the last date. The last date for filing income tax will not be extended by the Finance Ministry. Let us tell you, the last date for filing ITR has been fixed by the Income Tax Department as 31st July.
In an interview with news agency PTI, Malhotra said that people are filing income tax returns much faster than last year. We wish to advise everyone that the last date for filing ITR, 31st July, is fast approaching. Don't wait for the last date to get extended and file your ITR on time.
He further said that we are expecting that this year the number of income taxpayers may be more than last year. About 5.83 crore income tax returns were filed last year till July 31, which was the last day for filing income tax returns for the assessment year 2022-23.
On the tax mobilization target, Malhotra said that it is in line with our target, which is 10.5 percent.
Any income tax depositor who will not submit income tax return till 31st July. They will have to pay the fine after this date. If your income does not exceed Rs 5 lakh, then you will have to pay a fine of up to Rs 1000. On the other hand, if your income is more than this, then you will have to pay a fine of up to Rs 5000. For this reason, it is a good decision to pay your income tax on time.