This year’s income tax return can be filed till December 31 with the late fee in the Income Tax Department. Taxpayers who have made mistakes in giving details in their tax returns, this is their chance to rectify and update their income tax returns by December 31.
Agra’s tax expert and CA Deepika Mittal said that the Central Board of Direct Taxes had given five months time to file updated income tax returns to rectify the mistakes made in the income tax returns filed this year, which ends on December 31. . People have only one week’s time. Taxpayers who have earned income through online games, lottery or betting and have not given the details in the return can also give the same in the updated income tax return.
They have to file updated ITR
According to income tax rules, taxpayers who have filled wrong information in their ITR or have filled half incomplete information will also have to fill updated ITR on 31 December. Parents whose children are earning through YouTube, acting or any other way and the details of their earnings have not been given in the ITR, they will also have to file an updated ITR.
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Taxpayers who have filled the information given in the Annual Information Statement form without verifying it and it is wrong, then they need to file updated ITR by 31 December 2022. After the last chance has passed, if the taxpayers are not able to file the updated ITR, then they may have to face the notice from the Income Tax Department or may also have to pay a hefty penalty.
Detailed
This year’s income tax return can be filed till December 31 with the late fee in the Income Tax Department. Taxpayers who have made mistakes in giving details in their tax returns, this is their chance to rectify and update their income tax returns by December 31.
Agra’s tax expert and CA Deepika Mittal said that the Central Board of Direct Taxes had given five months time to file updated income tax returns to rectify the mistakes made in the income tax returns filed this year, which ends on December 31. . People have only one week’s time. Taxpayers who have earned income through online games, lottery or betting and have not given the details in the return can also give the same in the updated income tax return.
Ritika
