ITR filing last date today: Here's what happens if you miss the deadline
FirstpostAs most tax experts and chartered accountants suggest that the government has no plan to extend the deadline this year, the 31 July date becomes even more important for those who are yet to file their returns to avoid penalties As the deadline to file your income tax returns draws to a close today, it is crucial not to overlook this important date. Over 5 crore ITRs for AY 2023-24 have already been filed till 27th of July this year as… — Income Tax India July 28, 2023 The income tax department had earlier urged remaining taxpayers to complete the process before the deadline to avoid the last-minute rush. According to the Income Tax Act, a taxpayer must pay simple interest at the rate of 1 per cent for every month or part of a month, starting from the day immediately following the due date – July 31 – until the actual date of filing the return. Pl visit https://t.co/GYvO3mStKf #ITD pic.twitter.com/flIo8VyOgZ — Income Tax India July 26, 2023 If you haven't filed your #ITR for AY 2023-24 yet, we urge you to #FileNow to avoid last-day rush.