As the clock ticks towards the deadline for filing income tax returns (ITRs) for the financial year 2022-2023, salaried individuals are rushing to meet the July 31 cutoff.
The Income Tax Department has witnessed an overwhelming response, with more than 6 crore ITRs already filed. Despite community feedback requesting a two-week extension due to natural calamities, the Finance Ministry has not extended the deadline. In response to the surge in filings, the I-T department is providing round-the-clock assistance through various channels to support taxpayers in meeting their obligations.
Unprecedented Filing Numbers Surpassing Last Year
The fiscal year 2022-2023 has seen an impressive surge in the number of ITRs filed, crossing the 6 crore mark before the deadline. This figure has already surpassed the total ITRs filed by the same date in the previous year. The deadline has added urgency to taxpayers’ efforts, and the I-T department is actively encouraging timely filing through its digital platforms.
I-T Department’s 24×7 Support for Taxpayers
To accommodate the last-minute rush, the Income Tax Department has ramped up its efforts to assist taxpayers in the filing process. The department’s help-desk is now functioning 24×7, catering to queries and providing support through multiple communication channels such as calls, live chats, WebEx sessions, and social media platforms. This proactive approach aims to alleviate any confusion or difficulties faced by taxpayers and ensure a smooth filing experience.
Flood and Heavy Rain Concerns for Taxpayers
Several regions across the country have been grappling with floods and heavy rains, making it challenging for taxpayers to meet the filing deadline. Community discussions highlighted the need for a two-week extension to accommodate those affected by natural calamities. However, the Finance Ministry has decided against extending the deadline, putting pressure on individuals to complete their filings promptly.
Importance of Timely ITR Filing
Filing Income tax returns on time is crucial for both individuals and the nation’s economy. Timely submissions ensure compliance with tax regulations, reducing the risk of penalties and legal implications. Additionally, the revenue generated from income tax forms a significant portion of the Government’s income, enabling essential services and Infrastructure development.
As the last day for ITR filing approaches, the Income Tax Department’s efforts to support taxpayers have been commendable. Despite the challenges posed by natural calamities, the Government has decided to stick to the July 31 deadline, emphasising the importance of timely ITR filing. Taxpayers are encouraged to take advantage of the department’s 24×7 support to ensure smooth and hassle-free filing, fulfilling their civic duty and contributing to the nation’s growth.
