Business

Missed the ITR Filing Deadline? Here’s What Happens After the Last Date

Missed the ITR Filing Deadline? Here’s What Happens After the Last Date

As of July 31, more than 6.5 crore returns for the fiscal year 2022–23 have been filed, exceeding the number of returns filed at the same period the previous year. ITR Filing FY 2022-23Fiscal year 2022–23Late filing penaltyWhat happens if taxpayers fail to submit their ITR? ITR Filing FY 2022-23 On Monday, July 31, the deadline for filing income tax returns (ITR) for salaried people and non-audit cases for the fiscal year 2022-23 has passed. Fiscal year 2022–23 As of July 31, more than 6.5 crore returns for the fiscal year 2022–23 have been filed, exceeding the number of returns…
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Important ITR Filing Deadline: July 31, 2023 – Over 6 Crore Tax Returns Already Filed!

Important ITR Filing Deadline: July 31, 2023 – Over 6 Crore Tax Returns Already Filed!

ITR Filing Deadline:For income received in the 2022–23 fiscal year, 6 crore tax returns have been filed, exceeding the number of ITRs filed up through July 31 of the previous year. 📢 Kind Attention 📢A new milestone! More than 6 crore ITRs have been filed so far (30th July), out of which about 26.76 lakh ITRs have been filed today till 6.30 pm!We have witnessed more than 1.30 crore successful logins on the e-filing portal till 6.30 pm, today.To… pic.twitter.com/VFkgYezpDH— Income Tax India (@IncomeTaxIndia) July 30, 2023 FY 2022–231.3 Crore successful loginsLate filing cost ITR Filing Deadline Salary earners and…
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Will India Further Extend ITR Filing Due Date? Here’s the Latest Update

Will India Further Extend ITR Filing Due Date? Here’s the Latest Update

The deadline for filing ITR for FY 2022-2023 is approaching on July 31. Many taxpayers tend to wait until the last moment to submit their returns. Filing the Income Tax Return (ITR) is considered a crucial annual obligation for responsible citizens in the nation. By submitting an ITR for a financial year, individuals can claim refunds for any excess tax paid or deducted during that period. The deadline for filing ITR for FY 2022-2023 (assessment year 2023-2024) is set for July 31, 2023. To ensure timely compliance, Revenue Secretary Sanjay Malhotra has urged taxpayers to file their returns promptly, as…
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India’s Finance Ministry Denies Tesla’s Duty Waivers, but Investment Talks Remain Ongoing

India’s Finance Ministry Denies Tesla’s Duty Waivers, but Investment Talks Remain Ongoing

Rejects duty waiversIn a noteworthy development for the Indian automotive industry, Tesla's long-anticipated entry into the country faces a significant hurdle as India's Finance Ministry rejects duty waivers for the electric vehicle manufacturer. Despite this setback, talks between Tesla and Indian authorities regarding potential investments in the country are still underway. Let's delve into the details of the situation and explore the implications for both Tesla and India's burgeoning electric vehicle market.India's Finance Ministry Denies Duty Waivers for Tesla:Recent reports have confirmed that India's Finance Ministry has declined to grant duty waivers sought by Tesla, which could have potentially eased…
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