Extend ITR Deadline Trends On Twitter As Last Day For Filing Draws Near
New Delhi: There are just a few days left before the end of the last date for Income tax Return filing. Even though the government has made it clear that it has no intention of extending the deadline, several social media users have urged the Income Tax Department to extend it beyond July 31, 2022.
The number of Income Tax Returns for AY 2022-2023 filed till July 25, 2022, was over 3 crore. Till July 24, the total tax filed was 2.85 crore. Last year the number of ITRs filed till July 31 was 5.89 crore. Supposing the same number of returns has to be filed this year, around 2.8 crores ITRs are yet to be filed. This means that starting from today till July 31, around 48 lakh ITRs will have to be filed per day, Financial Express reported.
If the new Income Tax website fails to take this much load till the due date, the Government will have to extend the due date by a few more days this year as well, FE reported quoting experts. If this doesn’t happen then many taxpayers will end up paying penalties.
“Government has just published data of filings. The total number of filings of income tax returns (ITRs) till 24th July is 2.85 cr. Last year the total number of filings of ITRs till the due date i.e. 31st December, was 5.89 cr. From 25th July till 31st July, the total number of 3 crore plus filings of ITR has to be done yet. This will need per day filings of 45 Lakh. If this much pace in filing is not achieved, the government may come with a short extension of the due date,” Sujit Bangar, Founder of Taxbuddy.com, told FE PF Desk.
— Aamir Shaikh (@im_aamirshaikh) July 25, 2022