Got Plans for 31 December? Ensure to file your ITR before that to enjoy your new year plans
31 December means the end of the year, New Year parties, New Year Resolutions, new hopes, new aspirations and….ITR deadline (didn’t see that coming, did you :p).
Sorry to be a killjoy but 31 December is the last chance you have to file your Income Tax Return (ITR) for Financial Year 2021-22. You can file a belated ITR in case you have completely missed filing one and in case you have previously filed an ITR but have missed/overlooked reporting some income/claiming any TDS, you can choose to file a revised ITR. You can be compliant with the Laws of the land without having to burn a bigger hole in your pocket!
Let’s see what all you can do before this due date to save your hard-earned money and ensure peace of mind:
File your ITR for FY 2021-22 to get compliant with the tax laws
File your ITR to save on paying excess interest and avoid paying penalties which can be as high as 50% of the tax payable
Claim TDS refund, if you are eligible
Reduce chances of scrutiny and penalty – declare an income or claim TDS you previously missed out on and file your revised return
Need help in filing the belated/revised tax returns? Contact us! Our team will be happy to help.