ITR submitting: Don’t miss this closing step after submitting your revenue tax return

ITR submitting final date 2023: With simply three days earlier than the July 31 deadline, there is no such thing as a level in ready for an extension of the due date to file your revenue tax returns. If you haven’t filed but, you need to rush and full the method as quickly as doable. 

“Avoid the last-day rush. 3 days left to file your #ITR The due date to file your ITR for AY 2023-24 is thirty first July, 2023. Remember to e-verify after submitting. Pl go to https://incometax.gov.in,” the revenue tax division tweeted.

ITR submitting 2023: Final step

The closing step of ITR submitting is essentially the most essential one. And solely upon completion of this step, you obtain the refund promptly if you’re eligible for a similar. Your ITR can be considered e-verified upon getting completed the e-verification course of. 

Over 5 crore tax returns have been filed for revenue earned within the 2022-23 fiscal, which ended March 31.

“Out of the 5.03 crore ITRs filed until twenty seventh July 2023, about 4.46 crore ITRs have been e-verified i.e. greater than 88 per cent ITRs filed have been e-verified!” the income tax department tweeted.

Out of the e-verified ITRs, more than 2.69 crore ITRs have already been processed!

The last date for filing ITRs by salaried employees and those who do not have to get their accounts audited for assessment year 2023-24 is July 31.

ITR filing 2023: 24×7 helpdesk to assist taxpayers

To assist taxpayers with ITR filing, tax payment, and other related services, our helpdesk is functioning on a 24×7 basis.“We will continue to provide support till 31.07.2023, including on Saturday and Sunday,” the division mentioned.

You are mandatorily required to file your ITR if the mixture of your revenue from all sources is greater than the edge of the essential exemption restrict. “The revenue to be thought-about for this goal is the revenue earlier than varied deductions accessible below Chapter VIA, which includes primarily Section 80C, 80 CCD, 80D, 80 G, 80TTA, 80 TTB, and so on,” mentioned Mumbai-based funding and taxation knowledgeable Balwant Jain.

The threshold of fundamental exemption is 2.50 lakhs for these beneath 60 years. It is 3 lakhs and 5 lakhs respectively for these resident people between 60 and 80 and people over 80 years. 

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Updated: 29 Jul 2023, 12:20 PM IST