FM expects  'good number' of IT returns filing before July 31 deadline
FM expects 'good number' of IT returns filing before July 31 deadline
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The deadline for submitting an Income Tax Return (ITR) for the current assessment year is fast approaching, and officials from the Finance Ministry (FM) say they are optimistic about a healthy number of submissions. 

The ITR filing website for the Income Tax Agency (incometaxindia.gov.in), according to department officials, is now being reviewed to improve filing efficiency.

A finance ministry official said, "We are confident that of a good number of IT return filings before July 31." For salaried taxpayers and non-auditable cases, the deadline to submit an annual ITR is July 31.
ITRs may be submitted beyond the cutoff date, however, after that point, tax filers may be charged a late filing fee. The late costs will be Rs 5,000 if the person's annual income is beyond Rs 5 lakh. The late cost is Rs 1,000 if the annual income is less than Rs 5 lakh.

Recently, the government recognised that there were problems with the e-filing platform for taxpayers. The income tax department tweeted on July 2, 2022, that Infosys, a software provider, is taking "proactive efforts" to address the "irregular traffic" on the platform.

There have been reports of taxpayers having trouble using the ITD e-filing service. They have seen some abnormal traffic on the platform,  Infosys said, for which preventative actions are being implemented. The Income Tax  department said that it was regrettable that some users would experience disruption.

Due to ITD's e-filing portal's technical issues, the ITR filing deadline was delayed twice last year. Taxpayers had until December 31 to submit their returns.

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