Those who filed their ITR before July 31 can verify it without any penalty. However, if they fail to verify the ITR, it will be rejected and they will have to file a fresh ITR with a late fee of up to Rs 5,000.
The Annual Information Statement (AIS) is a comprehensive statement that provides taxpayers with a consolidated view of their financial transactions for the financial year.
As many as 5.83 crore tax returns have been filed for income earned in 2022-23 fiscal, thus crossing the number of ITRs filed till July 31 last year. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31.
As many as 5.83 crore tax returns have been filed for income earned in 2022-23 fiscal, thus crossing the number of ITRs filed till July 31 last year. The last date for filing income tax returns for the previous year by salaried class and those who do not have to get their accounts audited is July 31.