As per the Income Tax Act, it is mandatory to file ITR if:
Income tax returns need to be filed before the due date, else penalties are applicable.
Due date of filing income tax returns
for FY 2021-22 (AY 2022-23):
Penalty for late Income Tax Return filing after 31st July 2022 can be as high as Rs 10,000.
31st July 2022
Due Date for Filing Tax audit Report 30th September 2022
|PACKAGE TITLE||PRICE||PAYMENT LINK|
|Salaried Individuals||₹ 400.00 INR||Pay Now|
|Freelances/ Consultant||₹ 1,500.00 INR||Pay Now|
|Professionals||₹ 2,000.00 INR||Pay Now|
|Business||₹ 2,000.00 INR||Pay Now|
|Share Trading, Derivatives
|₹ 2,500 INR||Pay Now|
|Individual with Salary Income
and/or Capital Gain Income
|₹ 1,200.00 INR||Pay Now|
|ITR for Housewives||₹ 400.00 INR||Pay Now|
There are various FORMS: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7 that are available online. These online forms vary depending on the criteria of the source of income and category of the assessee (as per section 2(7) of the Income Tax Act, 1961 it means a person by whom any tax or any other sum of money is payable under this act. But generally it is any person against whom proceedings under income tax act are going on, irrespective of the fact whether any tax or other amount is payable by him or not) It is the Income Tax Act 1961 and income tax rules 1962 which obligates a citizen to fill returns with income tax department at the end of every financial year (1st April – 31st March). Merakhata.com is the best reliable source for ITR filing online, quickest and most accurate way possible. Set-up a meeting with us by registering online at our website.