ITR filing season: These people can file ITR even after July 31; check last date and other details
ITR filing season: People whose salary is under Rs five lakh annually will have to pay a late fee of Rs 1,000 while Rs 5,000 will be charged as late fee whose income is more than Rs five lakh per annum.
There are only seven days left to file an income tax return (ITR) as July 31 is the last date to file an ITR. If you file your ITR after July 31 then you will need to pay a penalty according to your income. However, there are a few people who can still file the ITR after July 31 without paying any late fees.
Let's know who can file ITR after the July 31 deadline. What is the last date for these people? Take a look:
How much late fee do you need to pay if you file your ITR after July 31?
People whose salary is under Rs five lakh annually will have to pay a late fee of Rs 1,000 while Rs 5,000 will be charged as late fee whose income is more than Rs five lakh per annum. Read more
Who can file an ITR even after July 31?
The deadline for filing ITR is different for businessmen or individuals whose accounts require audit. These people can file ITR till 31st October. They are given an additional time of three months by the Income Tax Department so that they can get the audit done from a recognised CA and after that, they can file their ITR.
Also read: ITR filing season: How much fine you will have to pay if fails to file ITR by 31 July; know here
Who can file an ITR even after October 31?
It also gives relaxation in filing ITR for certain types of transactions. If a business needs to file a transfer pricing report in its international transactions, then such a business is given extra time to file an ITR. Such people can file their returns till November 30. Apart from international transactions, such relaxation is also given in certain types of domestic transactions.
24x7 help from I-T department
The Income Tax Department's helpdesk is working 24x7 to assist the taxpayers. This helps in providing services ranging from filing of ITR to tax payment. The help desk assists with calls, live chat, Webex sessions, and social media.
Also read: ITR filing season: Pay zero tax on Rs 10 lakh annual income; know calculations here
Made a mistake in ITR filing? No need to file revised ITR; check out this new feature
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