ITR Last Date 2023: Will Tax Return Date Extend? What Happens if You Miss the Deadline?

The Income Tax Department has urged taxpayers to file their Income Tax Return (ITR) for the assessment year 2023-24 before July 31, 2023, as it is the last date for filing ITR. without late fees or penalties.

The Income Tax Department mentions: “July 31, 2023 –

​​Declaration of income for assessment year 2023-24 for all assessees who are not (a) corporate assessees or (b) non-corporate assessees (whose books of accounts are to be audited) or (c) partners of a firm whose accounts must be audited or the spouse of such partner if the provisions of section 5A apply or (d) a valuer who must file a report under section 92E.”

Many people are rushing to file ITR before the deadline, but it will not be possible as there are many unforeseen natural disasters in many parts of the country, such as heavy rains and floods.

📢 Friendly Attention 📢

Below are some statistics of the Income Tax Returns filed.

5.83 crores #RTI have been filed until 1:00 p.m. today (July 30), exceeding the number of RTIs filed until July 31 last year.

We have witnessed more than 46 lakh successful logins till 1 pm today and…

— Indian Income Tax (@IncomeTaxIndia)
July 30, 2023

Will the tax filing date be extended?

The Income Tax Department has not made any official announcement so far to extend the ITR filing deadline. According to the organization’s Twitter, the deadline remains July 31 until 6:30 pm IST, and they are continuously encouraging taxpayers to complete their tax returns before the deadline.

Time is running out. There are only 2 days left to submit your #ITR#Archivenow if you have not yet filed your return for AY 2023-24.

The last date to file your ITR is July 31, 2023.

Please visit

— Indian Income Tax (@IncomeTaxIndia)
July 30, 2023

📢 Friendly Attention 📢

A new milestone!

So far (July 30) more than 6 crore ITRs have been filed, of which around 26.76 lakh ITRs have been filed today till 6:30 pm

We have witnessed over 1.30 million successful logins to the e-filing portal as of 6:30 pm today.


— Indian Income Tax (@IncomeTaxIndia)
July 30, 2023

Many people are still waiting for an extension of the deadline due to the flooding that is occurring in various parts of the country as one of the main reasons.

The government is yet to respond to these requests, but an extension for filing the ITR may be granted. In the past, the government has extended the ITR filing deadline on some occasions, usually due to natural calamities or other unforeseen circumstances.

If you are unable to file your ITR before the July 31 deadline, you should stay tuned for government announcements. If an extension is granted, you will be able to file your ITR before the new deadline.

What happens if you miss the ITR filing deadline?

The Income Tax Department has fixed a deadline for filing Income Tax Returns (ITR) for each financial year. If you fail to meet the deadline, you may be subject to the following department sanctions:

Late filing fee: Taxpayers must pay a late filing fee. The amount of this fee depends on the duration after the deadline on which you file your ITR. The amount is Rs 1,000 if the taxpayer has an income of less than Rs 5 lakh.

The Income Tax Department mentions: “234F. Fees for failure to file a return of income.—(1) Without prejudice to the provisions of this Act, when a person required to file a return of income pursuant to article 139 fails to do so within the period prescribed in subsection ( 1) of said section, will pay, as fees, a sum of:

  • five thousand rupees, if the declaration is filed no later than December 31 of the assessment year;
  • ten thousand rupees in any other case:

Provided that if the total income of the person does not exceed five lakh rupees, the fee payable under this section shall not exceed one thousand rupees.

(2) The provisions of this section shall apply in respect of the return of income to be provided for the year of assessment beginning on or after 1 April 2018.”

Interest: If you do not file your return before the due date, the Income Tax Department charges an interest rate of 1% per month on the amount.

The Income Tax Department states: “Where the return of income for any year of assessment under subsection (1) or subsection (4) of section 139, or in response to a notification under subsection (1) of section 142, is furnished after the due date, or no date is provided, the appraiser 66 will be obligated to pay simple interest at the rate of 67[one] percent for each month or part of a month included in the period beginning on the date immediately following the expiration date.”

Best Judgment Assessment: If a tax filer misses the ITR filing deadline and does not apply for an extension, then his ITR can be processed under the ‘best judgment assessment’ scheme.

Under this scheme, the department will calculate revenue based on information already available.

This is what the Income Tax Department mentions: “This is an assessment made to the best judgment of the Assessing Officer based on all the relevant material he has collected. This evaluation is carried out in cases where the taxpayer fails to comply with the requirements indicated in article 144.”

“Scope of the evaluation according to article 144

According to article 144, the evaluator has the obligation to carry out an evaluation to

to the best of its discretion in the following cases:-

If the taxpayer does not submit the required declaration within the period established in

section 139 (1) or a late declaration according to section 139 (4) or a revised declaration according to

section 139(5), or an updated statement under section 139(8A).

If the taxpayer does not comply with all the terms of a notice issued under section

142(1)”, adds the department.

In conclusion, the Income Tax Department could extend the filing deadline so it is important to pay attention to official announcements. However, it is good practice to file the Income Tax Return on or before the due date to avoid penalties or fees.

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