ITR Filing Last Date for Individual, HUF, Business & Penalty

Find ITR Filing last date for tax payer categories like Individual, HUF, AOP, BOI and other business persons with or without auditing along with date for filing late returns…

Are you waiting to file your IT returns for this annual year? If yes, then you want to know about the revised ITR filing extension dates that have issued by the Government of India and the Income Tax Department of India together for AY 2022 – 23.

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Every year, the Income tax returns can fill to the IT department by the end of April which marks the end of the annual year. For the financial year of 2022-23 the last date for filing set to 31st July, 2022 as per the Central Board for Direct Taxes (CBDT).

ITR Filing Last Date

So taking into consideration the Central Board for Direct Taxes (CBDT) and Income Tax Department of India, they have announced regular ITR filing date for AY 2022-23 as below.

Income Tax Category Due Date for Tax Filing
Individual / HUF/ AOP and BOI31.07.2022
Business (Which requires Auditing) 31.10.2022
Business (Which Required TP Reports0 30.11.2022

In case you have not yet applied for IT returns filing till now or else made any errors in filing. Then you still have time till December 31, 2022 to file or else update your ITR as per the revised returns for annual year 2022-23 with necessary penalities.

What is Revised ITR Filing

Government along with IT and CBDT departments have initiated Revised Returns Income Tax Returns FIling (RRITR). Through Revised returns income tax filing anyone who might have filed ITR or not in or before the deadline. It can rectify their errors and can file ITR again.

In this instance any taxpayer who has already filed their ITR before July 31 can rectify their errors. Taxpayers who have not yet filed can make their ITR fillings as well before December 31, 2022 with a late fee of Rs.5000 (if total income exceeds 5lakhs, and Rs. 1000 less than 5lakh.

Late Filing Return

The income tax account holdr may also file missed or belated return after 31.07.2022, but before 31.12.2022 with late fee and interest without any carry forwarding of losses.

  1. What is the last date for filing ITR in 2022

    ITR filing last date has extended from July 31, 2022 to December 31, 2022.

  2. How much is the fine for late ITR?

    An amount of Rs.5000 for income exceeds 5lakh and Rs. 1000 below 5lakh.

  3. How to file revised returns for AY 2022-23?

    You can follow the same ITR filing process to file revised returns for AY 2022-23 as well before the stipulated time, but have to pay the taxes before the due dates, otherwise interest may paid.