– The deadline for filing income tax returns for the financial year 2023-24 is July 31, 2024
– Taxpayers have been facing glitches on the e-filing portal
– The Institute of Chartered Accountants of India has requested an extension of the deadline due to technical issues
– Filing ITR on time ensures a full income tax refund
– Late filing can result in penalties of up to Rs. 5,000
– Over four crore ITRs have already been submitted for AY 2024-25
– Online platforms charge between ₹500 to ₹1,000 for ITR filing
– Form 16 is required for tax deduction at source
– The penalty for late filing cannot exceed the amount of TDS/TCS
– Today is the last date for filing ITR for the financial year 2023-24