ITR Verification Last Date: Taxpayers who have filed their ITR by 31 December 2022. Now the Income Tax Department has given those taxpayers time till January 30, 2023 for ITR Verification . This deadline has been given to those taxpayers who have filed belated or revised ITR till 31 December 2022. Informing the taxpayers, the Central Board of Direct Taxes has asked them to complete the verification before January 30. According to the Ministry of Finance, citizens who earn between Rs 2.5 lakh to Rs 5 lakh annually should file ITR.
Additionally, filing an ITR is now required for those making more than Rs 5 lakh each year. For the tax year 2022–2023, the deadline for submitting a delayed and updated ITR with the taxpayer was December 31, 2022.
The Central Board of Direct Taxes (CBDT) states that taxpayers who have submitted an ITR or Revised ITR after the deadline has passed but before incurring a late penalty through December 31, 2022, will need to confirm the information provided. ITR can be e-verified by taxpayers. The board set the deadline for this as January 30, 2023. In other words, taxpayers must always validate their ITR throughout the month of January. Otherwise, the Income Tax Department may send you a notification.
What if ITR is not verified?
- The Central Board of Direct Taxes has made it clear in its instructions that if the ITR is not e-verified within the given time limit, it will be considered invalid.
- That means filing your ITR will be futile.
- Taxpayers must e-verify before January 30, 2023, confirming all the information given in the ITR.
- Failure to do so may result in income tax notices, legal action or fines.
You can verify ITR online
Taxpayers can adopt online method to verify belated or revised ITR. For this, the taxpayer will have to go to the official website of the Income Tax Department e-verify option.