Last Few Days To File Income Tax Return: 5+ crore ITRs filed already, don't wait till last minute to file yours, says I-T department
Income Tax Return Last Date: July 31 is crucial as it is the last day to file your income tax return (ITR) for the financial year 2023-24, which ended on March 31. Failing to do so within the stipulated time not only results in non-compliance with tax laws but also attracts penalties.
Income Tax Return Last Date: July 31 is the last date for filing your income tax return (ITR) for income earned in FY24 (AY25). The July 31 deadline is crucial for individuals who are not required to undergo a tax audit. Meeting the ITR deadline not only ensures compliance with tax laws but also helps you avoid penalties. Missing this deadline renders you non-compliant with tax laws, which can lead to significant consequences, including penalties and potential legal trouble.
Meanwhile, the Income Tax Department has shared some interesting data on income tax returns filed in the current tax season. Read on to know details:
INCOME TAX SEASON | Don't miss ITR deadline
July 31 is the final date to file your income tax return (ITR) for the financial year 2023-24 (Assessment Year 2024-25).
INCOME TAX SEASON | Why is it paramount to meet the July 31 income tax deadline?
This deadline is crucial for individuals not subject to a tax audit, as meeting it ensures compliance with tax laws and helps avoid penalties.
INCOME TAX SEASON | More than 5 crore ITRs already filed for AY25
The taxman took to microblogging site X (formerly Twitter) to urge income tax assessees to avoid a last-minute rush to file their ITRs.
INCOME TAX SEASON | If you haven't filed ITR for AY25, file now & avoid last week rush: Income Tax Department
More than 5 crore ITRs have already been filed for AY25 till July 26, 2024, according to the I-T department.
INCOME TAX RETURN | File at the earliest to avoid last minute rush, says Income Tax Department
"We urge all those who haven't filed ITR for AY 2024-25, to file their ITR at the earliest to avoid last minute rush," the taxman posted on X, encouraging income tax assessees not to wait until the last minute for filing their return.
It's a milestone!
"We express our gratitude to the taxpayers & tax professionals for helping us reach the milestone of 5 crore Income Tax Returns (ITRs)," the I-T Dept tweeted.