The ITR submitting deadline for FY 2021-2022 is July 31. However, it has been noticed that a lot of taxpayers await the final second to file their ITRs. Some taxpayers are even assuming that just like the earlier two years, the government would possibly prolong the deadline this 12 months too.
Amid the coronavirus pandemic and glitches within the newly launched revenue tax portal, the deadlines for ITR submitting and different different revenue tax-related issues have been prolonged in a row for the final two years.
On July 2, 2022, the revenue tax division on its official Twitter deal with mentioned that software program supplier Infosys is taking “proactive measures” to take care of the ‘irregular visitors’ on the portal.
“It has been noticed that taxpayers are facing issues in accessing ITD e-filing portal. As informed by @Infosys, they have observed some irregular traffic on the portal for which proactive measures are being taken. Some users may be inconvenienced, which is regretted,” the I-T division tweeted.
Is there an opportunity of the ITR submitting deadline being prolonged this 12 months as properly? What tax consultants must say on this
Amit Gupta, MD, SAG Infotech
In a current tweet, the revenue tax division expressed concern about irregular visitors on its portal, which has led to the web site’s slowdown. Hopefully, because of this the tax division is planning to increase the deadline for submitting ITRs. In spite of the truth that it’s considerably unlucky that even after greater than a 12 months of a brand new web site being launched, it isn’t in a position to deal with visitors on the portal, it may need been as a result of extra assesses tried to file ITRs early.
ITR Forms and Utilities have been launched properly upfront this 12 months, so the extension will not be mandatory this 12 months. CBDT might have to increase the deadline to allow compliance if the portal slows down and taxpayers are unable to do the mandatory filings.
Gourav Gunjan, Partner at Gupta Sachdeva & Co., Chartered Accountants
The nation remains to be recovering from the aftermath of an epidemic. Deadline for submitting of ITR for FY 20-21 have been prolonged as current as fifteenth March 2022. Business males are striving arduous to handle work and compliances stability. Professionals are additionally discovering it troublesome to adjust to endless due dates. Data printed by Income Tax Department reveals that 99.20 lakhs ITR have been filed in first week of July 2022 towards approx 7.5 crores ITR to be filed until thirty first July 2022. Given this state of affairs, it appears very inconceivable that approx 6.5 crore ITR might be filed inside 21 days. Income Tax portal can also be always riddled with technical glitches which have been accepted even by division itself in a tweet. Unless the portal works easily and deadlines are prolonged by no less than 1 month, it is going to be herculean job for taxpayers to adjust to the deadline. So we’re optimistic that Income Tax Department will take cognizance of the difficulties confronted by the taxpayers in addition to professionals and return submitting date might be prolonged by no less than one month.
Justin M Bharucha, Managing Partner, Bharucha & Partners
I feel that they need to set up an affordable, longer than presently permitted, timeline for submitting after which implement adherence to that new timeline. Certainty of positions, and affordable positions, are vital for enterprise. Ad hoc extensions as a matter after all (there have been 8 extensions within the final 11 years – 6 extensions within the 9 years previous the pandemic!) underline that assessees want somewhat extra time to file returns than the extant default and it will be good to handle this systemically and clearly.
Meanwhile, the ITR submitting for the evaluation 12 months 2022-23 (AY23) is now accessible on the revenue tax e-filing.
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