ITR e-filing 2023: Income Tax Return (ITR) e-filing for FY 2022-23 is expected to start soon. According to media reports, experts are expecting that taxpayers can start filing their returns from the last week of April or the first week of May.
The new financial year 2023-24 has started from 1 April 2023. Taxpayers will have to file income tax return for the financial year 2022-23 by 31 July. However, the salaried class may have to wait till the second week of June as employers are expected to prepare Form 16 for assessment year 2023-24 around that time. Currently, there is no option for ITR filing for assessment year 2023-24 for salary class taxpayers on the e-filing portal of the Income Tax Department.
ITR filing season for assessment year 2023-24 is about to begin. It is believed that taxpayers will be able to file their ITR from the last week of April or the first week of May. Filing will be done on the income up to the financial year 2022-23 ie 1 April 2022 and 31 March 2023.
Salaried class people may have to wait for one more month. The salaried class usually waits for Form 16 from their company. It is mostly available in early June. This means that salaried employees can file their returns from mid June 2023 to 31 July 2023.
In February this year, the Income Tax Department has released ITR forms for individuals, Hindu Undivided Families (HUFs), businesses for the financial year 2022-23.
The Central Board of Direct Taxes (CBDT) had issued a notification on February 10 in which ITR Forms 1-6, ITR-V (Verification Form) and ITR Acknowledgment Form for the financial year 2022-23 have been issued. Last year such forms were notified in the first week of April.
Taxpayers can download the ITR Offline Utility by visiting the Downloads menu option. Then ITR can be filed through the same. There are seven types of ITR forms ranging from ITR 1 (Sahaj), ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7 for individuals, traders and companies.
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