ITR Filing News
The government reported that more than 5 crore ITRs for the assessment year 2022–23 had been submitted. The Twitter hashtag "#Extend Due Date Immediately" was trending amid requests for a deadline extension. During the most recent fiscal year 2020–2021, 5.89 crore ITRs were submitted by the extended deadline of December 31, 2021.
Only 40% of IT returns, as reported on the official portal, had been completed as of yesterday, July 27. If you don't pay your taxes until July 31, 2022, interest at the rate of 1% will be added to the unpaid balance. The taxpayer will therefore be required to repay the unpaid tax and interest retroactively to July 31.
The first requirement is for your PAN to be linked to your Aadhaar, and the second is for your Aadhaar number to be linked to an active mobile phone. If you do not meet the aforementioned two requirements, you will be unable to validate your ITR using an Aadhaar-based OTP. It should be mentioned that there are five other options to check the tax return (ITR).