ITR Filing Date Live Updates: The annual tax season is nearing its end today, as the deadline for filing income tax returns (ITR) looms today, on July 31. Taxpayers who have not yet filed your returns for FY23 (AY24), have to do so by today, with some exceptions.
Here are all the details you need to know to file your ITR — including the deadline, penalty for missing the deadline, documents required, who had more time, and possible extension of deadline.
Notably, the number of ITR filings for the period had already extended filings from the previous year for the same period. According to Abhishek Soni, CEO and Co-founder of Tax2win, despite technical glitches with the I-T portal, returns filed exceeded 5 crore by July 26, compared to last year.
Stay with Livemint for all the latest ITR news, developments and updates.
ITR Filing Date Live: Extension for ITR deadline possible?
- The All-India Federation of Tax Practitioners (AIFTP) formally requested the CBDT formally for extension of the ITR deadline till August 31, PTI reported, so you may keep your eyes out for an update on that.
- CA Abhishek Jain said that they are demanding an extension as accessing Form 26AS/AIS/TIS is “challenging”.
- Gaurav Singh Parmar, Associate Director at Fincorpit Consulting said, “OTP verification failures and repeated submission attempts due to validation glitches further complicate the filing process.”
ITR Filing Date Live: Income Tax Returns filing deadline today – July 31
- Today, July 31, is the last date for ITR filing for Financial Year 2023-24 or Assessment Year 2024-25.
- Taxpayers who miss the July 31 deadline can file a delayed return by December 31, 2024, for FY23-24 / AY24-25.
- Delayed returns will however attract penalties and other impositions.
