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Business News/ Money / ITR Filing 2024 Highlights: Penalties and consequences for missing the July 31 income tax return deadline
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ITR Filing 2024 Highlights: Penalties and consequences for missing the July 31 income tax return deadline

ITR Filing 2024 Highlights: Today, July 31, is the last day to file your income tax returns, so here is all you need to know to do so quickly — including the deadline, penalty for missing the deadline, documents required, who had more time, and possible extension of deadline.

ITR Filing 2024 LIVE Updates: July 31 is the deadline for filing income tax returns for FY24 (AY25). (Mint)Premium
ITR Filing 2024 LIVE Updates: July 31 is the deadline for filing income tax returns for FY24 (AY25). (Mint)

ITR Filing 2024 Highlights: The annual tax season is nearing its end today, as the deadline for filing income tax returns (ITR) looms, on July 31. Thus, taxpayers who have not yet filed returns for FY24 (AY25), have to do so quickly. 

Here are all the details you need to know to file your ITR — including the deadline, penalty for missing the deadline, documents required, who has 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.

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