Due Date for filing ITR for A.Y. 2022-23
· Income Tax Return filing for Individuals & entities who :
1. are not liable to tax audit ;and
2. have not entered into any international or specified domestic transaction
then due date for filing such return is 31st July, 2022
Further for Categories other than above
· Income Tax Return filing for Individuals & entities those not covered above :
31st October is due date for Filing Income Tax Return for those whose accounts are required to be Audited under any law except for entities have not entered into any international or specified domestic transaction.
An Assessee who is required to furnish a report referred to in section 92E (transfer pricing), then due date of filing such Income Tax Return is 30th November, 2022.
Late Fee for not filing the return before the due date:
If an assessee has not filed its income tax return within the due date, then one can file that return later after the due date which is called Belated Return.
The Due date for filing Belated Return is 31st December, 2022.
However a penalty of Rs. 5000/- will be charged for the delay in filing of income tax return. But if the total income of the person is less than Rs. 5 lakhs , then the fee payable is upto Rs. 1000/-.
However the above mentioned dates are subject to change and extension as and when notified by the Income Tax Department.