The Income Tax Return (ITR) filing deadline for the assessment year 2021-22 is December 31, 2021. During the peak time, more than 6 lakh people file income tax returns every day, according to the Income Tax Department. The administration has previously extended the deadline for filing returns twice. The customary deadline of July 31 was first pushed up to September 30, 2021, and subsequently to December 31, 2021.

Will the deadline for filing ITR be extended?

Chartered accountants and tax specialists, according to media reports, feel that the deadline for filing income tax returns for regular taxpayers whose accounts do not require audit can be extended.

In reality, fewer taxpayers filed ITRs for the fiscal year 2020-21 than for the previous fiscal year, FY 2019-20. According to the Internal Revenue Service, 5.95 crore ITRs were filed for the fiscal year 2019-20 through January 11, 2021. The deadline to file an ITR for the fiscal year 2019-20 was January 10, 2021. Only 3.59 crore persons have filed income tax returns as of December 15, 2021.

More than 2 crore people have to fill ITR

Only 14 days remain till the December 31, 2021 deadline, and 2.36 crore people have yet to complete their income tax forms. In this situation, given the ongoing issues with the newly established income tax portal, it is impossible for so many people to complete an ITR in only 15 days. The government delayed the deadline for filing ITRs three times last year. This is why the government may propose extending the ITR filing date beyond the existing December 31, 2021 deadline.

Meeting with CEO of Infosys

In light of the busy season for submitting returns, Revenue Secretary Taran Bajaj has taken stock of the preparations for the e-filing website. Infosys, which has developed a separate war room to improve the technical infrastructure and monitor the portal’s performance, notified the preparations. Infosys has stated that taxpayers will have no difficulty filing taxes and will be able to do so quickly. Infosys has launched a new electronic filing website.

The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

By The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

Leave a Reply

Your email address will not be published.