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ITR Filing last date will not be extended beyond July 31, Read Details Here

Here is some good news for taxpayers, if you have not yet filed your ITR (Income Tax Return), you must do it now as the July 31 deadline won’t be extended further. Revenue Secretary Tarun Bajaj made the announcement on Friday.

He also added that the Central government is not considering extending the last date for filing income tax returns as it expects most returns to come by July 31.

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The Revenue Secretary further added that over 2.3 crore income returns were filed by July 20 for fiscal 2021-22 and the numbers are picking up.

“People thought the routine now is that dates will be extended. So they were a little slow in filling the returns initially but now on a daily basis, we are getting between 15 lakhs to 18 lakh returns. This will slightly go up to 25 lakh to 30 lakh returns,” he told PTI.

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Usually, the IT Dept wait till the last date for ITR Returns, “Last time 9-10 per cent filed on last day. Last time, we had over 50 lakh (filing returns on the last date). This time, I have told my people to be ready for 1 crore (returns being filed on the last day),” he said.

Salaried employees, who do not need an audit, need to file the ITR by July 31. Those who need to get their accounts audited, need to file the ITR by October 31.

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In the 2 financial years, the Centre had extended the deadline for filing ITRs to make it easy for the taxpayers while battling against COVID 19 pandemic.

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