The income received between 1 April 2021 and 31 March 2022 is reflected in the ITR that you would have submitted for the Assessment Year 2022–2023 or Financial Year.
New Delhi: You must verify your income tax returns in addition to filing the ITR in order to complete the process. ITRs are regarded as invalid if they are not verified within the allotted period.
The ITR you would have filed is for the Assessment Year or Financial Year 2022-2023, which includes the income you made from April 1, 2021, to March 31, 2022.
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You can e-verify your ITR in 6 ways.
1. e-Verify by generating Aadhaar OTP
2. e-Verify with Digital Signature Certificate (DSC)
3. e-Verify using an active Aadhaar OTP
4. e-Verify with Electronic Verification Code (EVC)
5. e-Verify after getting an Electronic Verification Code (EVC) from a bank account.
6. e-Verify after getting an Electronic Verification Code (EVC) from your Demat Account
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July 31, 2022, served as the deadline for taxpayers to submit their tax returns for the fiscal year 2021-22.
On August 1, the Income Tax department tweeted that approximately 5.83 crore individual tax returns (ITRs) for fiscal year 22-23 were submitted up through July 31, 2022.
Also, the Income Tax Department tweets, “New record for Income Tax Department as over 72.42 lakh ITRs filed in a single day i.e. on the 31st July 2022.”
