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.
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