New ITR filing date after 31July without any Late Fee & New Change in ITR rules from 1 August 2022

 

Income Tax Return Can be Filled after 31st July Till 31st December With Late Fees u/s 234F which is as Follows :- 

• Total Income Below exemption Limit : No Late Fees
• Total Income upto Rs. 5,00,000 : Rs. 1,000
• Total Income More Than Rs. 5,00,000 : Rs. 5,000

Another Important Notification :- 

CBDT Reduces time limit for e- verification of ITR from 120 days to 30 days of filing the return.

However, for ITR Filed upto 31/07/22 time limit of 120 days would continue to apply.

ITR Filed from 01/08/22 new time limit of 30 days would be applicable.

As this notification is effective from 01/08/2022