What is the due date for filing income tax returns for individuals for the finan

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Question: What is the due date for filing income tax returns for individuals for the financial year 2022-23?

Options:

Correct Answer: 31st July 2023

Solution:

The due date for filing income tax returns for individuals is 31st July of the assessment year.

What is the due date for filing income tax returns for individuals for the financial year 2022-23?

What is the due date for filing income tax returns for individuals for the financial year 2022-23?

Step 1: Understand that the financial year 2022-23 refers to the period from April 1, 2022, to March 31, 2023.
Step 2: Know that the assessment year is the year following the financial year, which in this case is 2023-24.
Step 3: Remember that the due date for filing income tax returns for individuals is set by the tax authorities.
Step 4: Confirm that the due date for filing income tax returns for individuals is July 31 of the assessment year.
Step 5: Therefore, for the financial year 2022-23, the due date is July 31, 2023.

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