ITR (Income Tax Return) filing deadline for the assessment year 2023-24 is July 31. With the last date for filing just around the corner, a lot of taxpayers are rushing to file their returns. The Income Tax department has not announced any extension on the last date for filing the ITR, hence leaving taxpayers with less than five days to complete the process. On missing the deadline for ITR 2023-24 filing, a penalty of Rs. 5,000 will be levied upon the taxpayer. In order to avoid mistakes at the last minute, it is advisable to file the return within the due deadline.
For filing the ITR, one needs a few important documents. These include the taxpayer’s PAN and Aadhaar card, Form 16 and Form 26AS from your employer, bank account details and statement, and details on investments including rent, loans, and capital income. Make sure to have all of the required documents with you before you start filing the ITR.
The easiest way to file ITR is by logging into your account on the Income Tax’s official website.
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