– The deadline for filing income tax returns (ITR) for FY24 (AY25) is July 31
– More than 7 crore ITRs have been filed so far, with over 50 lakh filed on the last day
– Revenue Secretary announced that 70% of the filed returns are under the new simplified tax regime
– Failing to file returns by the deadline will result in penalties
– The I-T Department has not announced any extension to the deadline
– Taxpayers should ensure their claims are accurate to avoid delays or penalties
– The department recommends using specific browsers for a better experience on the e-filing portal