No extension for ITR filing. What happens if you file it after last day
Filing an ITR: The last day to file an income tax return (ITR) has finally arrived and taxpayers have flooded the electronic filing portals. The Income Tax Department has published a helpline number and a portal to assist taxpayers in the seamless ITR filing. Currently, taxpayers need to file an ITR for fiscal year FY22 and assessment year 2022-23. By filing an ITR, taxpayers can report their fiscal year’s income and taxes paid to the department. If a refund is available from the government, the ITR will help the taxpayer claim it. The ITR is required if your income is more than the basic exemption limit. There is no extension in the ITR submission deadline. With less than 24 hours left, it’s important to file your ITR to avoid any penalties.