ITR Filing deadline for FY 2021-22: Why #ExtendDueDateImmediately trends on Twitter However, many chartered accountants and tax experts are complaining about the issues on the new income tax portal. The login issues, and unable to access Form 26AS make the case for an extension of the due date
The government has made it clear that it has no plans to extend the deadline for filing an income tax return for individuals for FY 2021-22. Under the current income tax laws, the last date of filing ITR for individuals whose accounts are not required to be audited is July 31.Many chartered accountants and tax experts are raising demands for the extension of extending due date. According to them, they are facing issues on the new income tax filing portal due to which they are finding it difficult to file returns for their clients. However, the government believes that the new income tax portal is working fine and there should not be any issues in filing ITR which requires a tax return filing date extension.
Here's a look at what CAs and tax experts are saying on Twitter.
A user pointed out that he is stuck with the verification process for the last one hour.
Those who said IT portal working, i think they never file there it nor they tried filing.Stuck at verification for… https://t.co/2qB9yPa6ir
— Abhijit Acharya (@Abhijit_ara) 1659083150000
One user posted the video of being unable to log in to the new income tax portal.
#Extend_Due_Dates_Immediately #incometaxportal #CBDT https://t.co/KPicem8zCN
— kapil jakhad (@KapilJakhad) 1659081142000
There have been complaints about Form 26AS not being accessible as well. Another Twitter user pointed out that the 26AS site is under construction, and how to file ITR.
#IncomeTaxReturns #Extend_Due_Dates_Immediately 26AS site under construction #ITR कैसे फ़ाइल करें। plz RT https://t.co/x1eZVMKOFO
— Ashish Baranwal (@ashishkbaranwal) 1659078977000
Hey @IncomeTaxIndia Portal is not working Smoothly. Form 26As, AIS/TIS not downloading. Is there any Glitches in Si… https://t.co/OUzAh44RkG
— Manak Jakhar (@ManakJakhar) 1659078849000
Not able to open the website of e-filing of ITax continuously. Screenshot attached.#Extend_Due_Dates_Immediately… https://t.co/EvcT5fhK0z
— Sharad Agarwal (@sharad1929) 1659086408000
One of the CA took a hilarious take on the robust working of the new income tax portal.
It portal is showing its showing its robustness by following acts :-1. Quik sessn expired window popping within 2… https://t.co/gn2ONbwG8u
— CA Udit Bhandari (@uditjain936) 1659078328000
Errors in AIS have made matters worse while filing ITR as well.
This is what is happening thanks to the AIS while filing the #IncomeTaxReturns AIS has massively helped reduce Ta… https://t.co/s9VgtMB1FJ
— CharteredClub (by Karan Batra) (@CharteredClub) 1659086272000
Another one pointed out that more than 2 crore ITRs are still pending to be filled.
More than 2 crore ITR's are still pending #Extend_Due_Dates_Immediately
— Girish Dutt (@gduttg) 1659083071000
As per the data presented by the official Twitter handle of the Income tax department, over 4.09 crore ITRs have been filled till July 28, 2022. Last year total of 5.09 crore ITRs were filed till December 31, 2021.
Over 4.09 crore ITRs filed till 28th July, 2022 & more than 36 lakh ITRs filed on 28th July, 2022 itself.The due d… https://t.co/xiB7dm9wgb
— Income Tax India (@IncomeTaxIndia) 1659079442000
What will happen if ITR is not filed by due date?
If an individual misses the due date of filing an ITR, then he/she can file a belated ITR. The belated ITR is filed under section 139(4) of the Income-tax Act, 1961. An individual is liable to pay a late filing fee of up to Rs 5,000. This fee must be deposited before the filing of the belated ITR. If a belated ITR is filed, then an individual cannot carry forwards losses (except losses under house property).
( Originally published on Jul 29, 2022 )
This story originally appeared on: India Times - Author:Tax Cognition