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If you miss the deadline and file your income tax returns after the due date, you will have to pay a late fee. Non-furnishing or late furnishing of return of income attracts interest under section 234A
Here is a fast document checklist that you should have available before visiting incometax.gov.in to file your tax returns if you intend to do it yourself for Assessment Year 2023–2024.
The deadline for reporting your ITR for the fiscal year 2022-23 or assessment year 2023-24 is July 31, 2023.
Income Tax Return (ITR) filing for the fiscal year 2022-23 (Assessment Year 2023-24) has a deadline of July 31, 2023. The government has clarified that no extension will be granted beyond this date and has urged taxpayers to file their returns promptly., Personal Finance News, Times Now
In this edition of Ask Money Today, read about the investments you can make that will help you reduce your tax outgo