Income Tax Return Due Date 2023 Latest News: Over 5 crore ITRs filed. Still waiting for extension?

financialexpress.com:

Income Tax Return Filing for AY 2023-24 Latest Updates on July 28: With just four days before the July 31 deadline, there is no point in waiting for an extension of the due date. A record number of taxpayers have already filed their returns for AY 2023-24 (FY 2022-23) and the Government has also clarified in recent weeks that it is not contemplating any extension of the due date, i.e. July 31 for taxpayers whose accounts don’t need to be audited.

If you haven’t filed yet, you should rush and complete the process as soon as possible to avoid any tax hassles in future. That said, this article provides the latest updates related to ITR filing and ITR Due Date.

Total Income Tax Returns Filed: The number of total returns filed till July 27 shows that taxpayers should not wait for any extensions. As many as four days (including today) before the July 31 deadline are still left. Therefore, taxpayers, who haven’t filed yet, should file their returns now. Data on the Income Tax e-filing website shows that more than 5 crore ITRs were filed by taxpayers till July 27.

ITRs processed, verified: More than 4.45 crore ITRs have been verified by taxpayers while the tax department has processed over 2.69 returns till July 27.

When should senior and super senior citizens file ITR? Individuals whose income exceeds the basic exemption limit in a financial year are required to file income tax return (ITR) in India. However, what is the case with senior citizens? Are senior and super senior citizens exempt from filing income tax return? Or, are they also required to file ITR? Read all details here

False claims in ITR can land you in trouble: After coming down with a heavy hand on fake invoices under GST, now the Ministry of Finance has