– The deadline for filing income tax returns for the Assessment Year 2024-25 is July 31
– Central Board of Direct Taxes Chairman Ravi Agarwal states that an extension is unlikely
– Penalties for late filing range from Rs 1,000 to Rs 5,000
– Individuals and entities requiring an audit can submit ITR by October 31
– Businesses with international transactions have a deadline of November 30
– Taxpayers have the option to switch between old and new tax regimes
– How to check ITR refund status: log in to the I-T departments official e-filing website and check refund status section within ITR filing details.