1 year, 8 months ago
ITR filing last date AY 2023-24: Due date for filing income tax returns
India TodayIncome Tax Returns must be filed by July 31 for the FY 2022-23. On the other hand, if the tax evaded exceeds Rs 25 lakh the punishment could be 6 months to 7 years", as per the website of the Income Tax Department. WHICH TAX RETURN TO FILE: The Income Tax department has notified seven different forms i.e., ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 to date. All individuals having taxable income or those who satisfy other prescribed conditions are required to file an annual income tax return within the specified due date. One needs to carefully ascertain the appropriate ITR form for filing, keeping in mind not only the details of income but also the various disclosure requirements prescribed from time to time.
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History of this topic
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