ITR e-filing on incometax.gov.in: The Income Tax Return (ITR) filing season is in full swing, with only a few days left before the due date. Most taxpayers are required to file their returns by July 31, which is the due date for filing ITRs for the current financial year for taxpayers whose accounts don’t need to be updated. That said, the following are important details and updates that you should know if you haven’t filed your returns for the current financial year by now.
1. ITR Due Date Vs Last Date AY 2023-24
The due date for ITR filing for the Assessment Year 2023-24 is the date by which you can file ITR without paying any fee or penalty on the e-filing website. However, the last date is the date by which you can file ITR after paying a late fee and, maybe, penal interest (depending on applicability).
The deadline for ITR filing for AY 2023-24 is quickly approaching, and there are different deadlines for different taxpayers. If you’re one of the taxpayers whose accounts don’t need to be audited, your deadline is July 31, 2023. However, if you’re one of the taxpayers who need to have their accounts audited, your deadline is much later. Be sure to read the full details to find out when your deadline is.
The last date of ITR filing for AY 2023-24 is December 31, 2023.
2. ITR data: Total Returns Filed and Processed
As per data on the Income Tax e-filing website, as many as 1,32,72,943 ITRs have been filed till July 2, 2023. Of these, 1,25,64,152 returns have been verified and the Income Tax Department has processed 3973 ITRs.
3. New facilities enabled on the Income Tax e-filing portal
The Income Tax department made the Excel utility of ITR-7 for AY 2023-24 available for filing on June 30. You can download it on the e-filing website. The Offline Utility of ITR-3 for AY 2023-24 was is available for filing and download since June 26.
4. Latest Tips and Tricks for ITR Filing
In this section, we provide the latest articles published on financialexpress.com to enrich your ITR filing experience and help you make an informed decision. Some important articles are below:
5. How to file ITR
There are many ways to file your ITR. The most popular and convenient way is to do it online on the Income Tax Department website. However, if you find the process difficult or confusing, don’t worry! You can take help from a qualified tax professional. Or, if you prefer, you can visit a tax filing online platform that will help you file for a small fee.
It is important to file the Income Tax Return by the due date to avoid late fees or other penalties in the form of interest on taxes.