ITR Filing Due Date Extension AY 2023-24: No plan to extend July 31 Deadline? Latest update
ITR (Income Tax Return) Filing Last Date/Due Date Extension AY 2023-24 Latest News Update (July 18): There is no plan to extend the due date of ITR filing for Assessment Year 2023-24. The due date of ITR filing for income earned in FY 2022-23 is July 31 for taxpayers whose accounts don’t need to be audited. The last date to file ITR this year is December 31.
December 31 is the date by which taxpayers can file belated ITR along with a late fee. However, there is no fee for filing ITR by July 31. As the Government is not planning to extend the due date this year, it is recommended that eligible taxpayers file their returns by or before July 31.
Taxpayers should not wait for an extension of the due date this year. The Government is expecting more returns to be filed this year. As of July 17, the number of returns filed is higher than the ITRs filed in the same period last year.
Also Read: ITR refund timeline 2023
Last week, Revenue Secretary Sanjay Malhotra said all assessees, whose accounts don’t need to be audited, should file their returns at the earliest. He also said that the finance ministry was not contemplating an extension of the July 31 deadline (Read details here).
Total ITR filed
Over 2.8 crore ITRs have been filed till July 17. As per data on the e-filing website, as many as 2,88,50,338 income tax returns were filed till July 17.
Total ITRs processed
More than 1.3 crore returns have been processed by the Income Tax Department. Data shows as many as 1,33,89,946 verified returns for AY 2023-24 were processed till July 17.
Total ITRs verified
More than 2.6 crore returns have been verified by taxpayers. The Income Tax department’s data shows as many as 2,64,97,939 returns for AY 2023-24 were verified till July
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