December 31 indicates the day you can file your income tax returns without paying any penalty charges or foregoing any benefits, the last date i.e. Assessment Year is the year post financial year (FY) where your income is assessed and evaluated. Note that the last date for filing belated ITR for FY 2020-2021 i.e. The ITR filing deadline has been extended twice, first from the usual July 31, 2021, to September 30, and then eventually, to December 31. But if you are still lagging in this regard, the potential financial consequences impending on you could be huge. So, if you are one amongst them, you need not worry. Out of this, around 24.39 lakh ITRs were filed just yesterday. IF you haven't filed your ITR, make sure you do it by today midnight.Īs per a tweet by the Income Tax department, as of December 30, more than 5.34 crore ITRs have been filed. The deadline for the same is December 31. Planning to ring in the new year today with a blast, or thinking of a cosy get-together with your loved ones to welcome 2022? Well, before you let your hair loose and sashay into the next year, filing your Income tax return (ITR) should make it to the top of your to-do list.
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