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The last date of filing income tax return (ITR) for the financial year 2021-22 is July 31, 2022. Missing this deadline can cost you even if you don't have any taxes to pay. Till FY 2019-20 if a taxpayer missed the ITR filing deadline, the maximum penalty he/she would have had to pay was Rs 10, 000.... ReadMore
While several people are hoping the deadline would be extended, Bajaj pointed to last year when the government refused to extend the deadline for filing returns for individuals beyond the December 31 deadline. The government had eased the date last year in the wake of the second wave of Covid, which had affected individuals and businesses during the April-July quarter. .... ReadMore