If you want to pay Income Tax, then keep this small thing in mind, if you ignore it, you will have to pay a heavy fine.
Income Tax Slab: The last date for filling Income Tax Return (Income Tax Return Filling Last Date 2022) for the year 2021-22 is July 31, 2022. This date is applicable for individual income tax payers.
Income Tax Return: Every year people have to pay tax on their income. If the income is taxable, then filing of Income Tax Return (ITR) becomes very important. At the same time, it becomes very important for people below 60 years of age to file ITR if they have an annual income of more than 2.5 lakhs. On the other hand, some things have to be kept in mind while filing income tax. If these things are ignored, then a lot of loss can also be suffered.
This year the last date for filing Income Tax Return (Income Tax Return Filling Last Date 2022) for the year 2021-22 is July 31, 2022. This date is applicable for individual income tax payers. At the same time, it is important to keep some things in mind while filing taxes. If some important things are not taken care of, then fines may also have to be paid.
- Keep these things in mind:
Income Tax Return Last Date
If you come under the category of individual income tax payers, then file your income tax return by 31 July 2022 this year. If income tax is paid after this date, then penalty can be imposed.
- Form 26AS
Form 26AS is issued by the Income Tax Department. With the help of this form, information about the person’s income, age, TDS, advance tax paid, self-assessment tax paid etc. is given. With the help of this, the salaried people can get their income from Form 16. After combining all the information from Form 26AS, the chances of mistake are reduced.
- investment documents
Some exemptions are also given to investors while filing income tax returns. If any exemption is claimed by the income tax payer, then keep the documents related to it with you. Also, keep all the documents related to the investment shown in the ITR with you. If these documents are found to be lacking and the investment is left to be shown at the time of filing ITR, then you will not be able to take advantage of that exemption.
- banking transactions
You also have to mention the details of your banking transactions in the ITR. In such a situation, if you have made an FD of more than Rs 10 lakh, then its information will also have to be given in ITR. Also, do not give incomplete details related to the bank. In such a situation, there may be a problem in getting the refund in the bank account.
- Property details
Do not hide your property related information while filing ITR. If the property is taxable, then its information should be given in the ITR, otherwise problems may also have to be faced in the future.