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Writer's pictureGalactic Advisors
Dec 24, 20221 min read

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:

  1. File your ITR for FY 2021-22 to get compliant with the tax laws

  2. File your ITR to save on paying excess interest and avoid paying penalties which can be as high as 50% of the tax payable

  3. Claim TDS refund, if you are eligible

  4. 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.

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Your one stop shop for Tax, FEMA, NRI taxation, Accounting and Advisory

We bring the archaic advisory practice to the 21st Century. Advisors have long been dragged down by their age old practices which just do not hold up in the current business environment.

 

We provide specially designed and multidisciplinary expert services that meet every single need of our clients. We are defined by our drive to make a difference. Just ‘good’ isn’t good enough anymore. We aim to deliver the absolute best service to our clients whether it is in providing expert tax advisory services, return filing services, book-keeping, investment advisory, or profit maximization strategies.

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