If you do not submit ITR, be careful otherwise tax notice will come

Nut News Desk !!! If you have already missed the time limit of 31 July 2022 for the submission of your income tax return, you must submit delayed income tax return (ITR) by December 31, 2022. This time limit is important as it is the last chance to submit. The ITR for FY21-22 is also for those who submitted their original ITR on time, but it must be edited because of any error or decay. The last date for submitting revised returns or delayed returns for FY 2021-22 is December 31, 2022. If anyone does not submit in the income tax return, even before the December 31 deadline, he may receive the notice of the income tax division. If you receive the notice, you may also have heavy fines or jail time. Note that the report of the income submitted after the expiration date is called the delayed return, it is also charged for the late submission of the Act under section 234F of the Act. The total income of the taxpayer will be charged Rs 5,000 for more than Rs 5 lakh, and the total income of the taxpayer is less than Rs 5 Lakh. Jesus Sehgal, head of tax markets in tax and consultant firm AKM Global, says that in the case of returns he is not allowed to continue the loss of the previous year. TDS refund cannot be claimed. If one misses the time limit of December 31, 2022, he will not be able to submit ITR for the financial year 2021-22, until the Income Tax Division receives notice of the submission of ITR. The TDS refund claim for this year is also not possible after this deadline. If you suffer from the property of the home, you will not be able to produce it. E-satyapan returns require delayed or modified ITR form 26as, AIS (annual information details) and TIS (summary of tax information) must submit or before December 31, 2021-22. Make sure you consider all the income mentioned in these states. It is also necessary to verify your return within 30 days of the submission of ITR, earlier the time limit was 120 days, which has now been reduced to only 30 days. Share this story -tags