Income Tax Return Filing Deadline Extended? What’s The Last Date For Filing IT Returns For AY 2021-22?
sSince the last few days, social media and the Internet is abuzz with the deadline for Income Tax return filing.
A lot of users asked Income Tax experts about the last date for filing ITR returns for this financial year.
Has the deadline for filing income tax returns extended?
What is the final deadline for filing Income Tax returns?
Here’s the final truth!
Last Date For Filing Income Tax Returns Is..
The final truth is that the deadline for filing income tax returns has NOT been extended.
December 31st, 2022 that is today, is the last date for filing income tax returns, and this has been confirmed by Govt officials.
The final date, that is the deadline for filing Income Tax returns of AY 2021-22 is December 31, 2022.
No Deadline Extension This Time?
In the previous few instances, we had seen that the Income Tax Department used to extend the deadline, due to several reasons: The disruptions caused due to Covid-19 was one of the primary reasons for extending the deadlines.
But this year, there has been no extension of the deadline, and the last date for filing Income Tax Returns for AY 2021-22 is December 31st, 2021.
Income Tax Department Confirms: No Extension Of Deadline
Income Tax Department has confirmed that December 31st is the last date for ITR filing.
In a tweet, Income Tax Department said, “More than 5 crore Income Tax Returns for AY 2021-22 filed till 5:45pm today! Hope you have filed yours too! If not, please file your #ITR for AY 2021-22 before the extended due date of 31st December, 2021. Please visit http://incometax.gov.in,”
Explaining this relevance of the last date of filing Income Tax returns, Kartik Jhaveri, Manager — Wealth at Transcend Capital said, “There is difference between ITR due date and ITR last date. 31st December 2021 is ITR due date for AY 2021-22 whereas ITR last date for FY 2021-22 is 31st March 2021. However, it is advisable for a taxpayer to file ITR within due date i.e. by 31st December 2021 because after this due date, he or she can file ITR but will have to lose some benefits like carry forward of losses. After 31st December 2021, an income taxpayer won’t be able to claim carry forward of losses under the heads like business income or capital gains or loss beyond two lakhs rupees under the house property head.”
We will keep you updated, as more details come in.