No system can be foolproof but tax dodgers can't continue to game it when the government means business
A record 74 lakh (7.4 million) returns were uploaded on the income tax e-filing portal on Sunday, the last date for filing returns on incomes earned in the financial year 2021-22 for a majority of taxpayers such as the salaried, professionals and small businesses. In effect, more than 12% of all income tax returns were filed on the last day, as taxpayers and tax professionals scrambled to meet the deadline and avoid a penalty for late filing. The Income Tax Act requires all taxpayers who were not required to get their accounts audited to file their returns by July 31 or pay a penalty for delayed filing.
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