ITR 2021-22: Because the deadline to file Revenue tax returns inches nearer, 41 per cent of Indians who qualify to file the return are but to file their papers for FY 2021-22, 22 per cent say it’s tough to file it by the July 31 deadline, and about 10 per cent had been dealing with technical glitches, a brand new report confirmed on Thursday. Nevertheless, 59 per cent respondents stated they already filed their tax returns, which is a substantial enchancment on the findings from per week in the past on July 20, in keeping with information offered by neighborhood social media platform LocalCircles.
The federal government this yr warned that those that will miss the July 31 deadline for submitting their returns should pay fine-cum-late price of Rs 5,000 if their taxable earnings is greater than Rs 5 lakh and Rs 1,000 if the taxable earnings is lower than Rs 5 lakh. The survey included 11,000 responses acquired from residents throughout 306 districts within the nation.
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In an earlier survey, LocalCircles discovered that 54 per cent of the respondents had been but to adjust to the requirement to file tax returns by this month’s finish, of which 37 per cent remained unsure if they may be capable to meet the deadline. The brand new survey revealed that 13 per cent respondents require “vital effort” to satisfy the deadline and 9 per cent admitted that it could be unattainable to satisfy the deadline, which the federal government has indicated wouldn’t be modified. Of these nonetheless striving to file their ITR, 10 per cent of respondents complained of “issue in submitting” however expressed keenness to take action.
(IANS Inputs)
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