People will not have to fill ITR this year, Income Tax Department gave relief

ITR Filing: It is mandatory for every salaried person in the country to file ITR. If your income is more than Rs 3 lakh per annum, then you are required to file ITR. This time the last date for filing ITR has been fixed as 31 July 2023. There are many categories in the country that are exempted from filing ITR. Let us know about them in detail.

Jul 15, 2023 - 11:52
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People will not have to fill ITR this year, Income Tax Department gave relief

This year all taxpayers have to file their return before 31 July 2023. So far, more than 2 crore people have filed returns for FY 2022-23. According to the Income Tax Department, it has been decided that any person whose income is more than Rs 3 lakh should file ITR.
Certain categories of people are exempted from filing returns by the Income Tax Department. There are some terms and conditions for this as well. Section 194P of the Income Tax Act, of 1961 provides relief to certain senior citizens in filing returns. For this, they have to fulfill the eligibility conditions.
Any senior citizen whose age has crossed 75 years in the financial year 2022-23 i.e. 31st March 2023. All of them are exempted from filing returns. These citizens should not have any other source of income other than a pension. These citizens will get interest income from the same bank in which their pension comes.
According to the notification of the Central Government, the citizen has to submit a declaration in the bank from where the pension and its interest comes to the senior citizen. It should contain all the information of the citizen. There are two categories of senior citizens. One category is those who have to pay tax and the other category is those who do not have to pay tax.
As per the Income Tax Act, if a taxpayer dies, then his legal heir has to file ITR. In this return, they will have to give information about the income that is earned in the name of the deceased person. For this, the legal heir has to register his name legally. Legal heirs can apply for a refund along with filing the return.

Muskan Kumawat Journalist & Writer