.jpeg)
Income Tax: Fill the return before July 31, there will be five benefits including getting a quick refund
Income Tax: The last date for filing an Income Tax Return (ITR) is July 31, 2024. If you do not file the return by this period, you may have to suffer many types of loss including penalty.
The last date for filing an Income Tax Return (ITR) for the financial year 2023-24 or assessment year 2024-25 for taxpayers is July 31, 2024. If you do not file the return by this period, you may have to suffer many types of loss including penalty. However, if you fill out the ITR before July 31, then there will be five benefits including getting a quick refund.
Filing income tax returns ahead of time allows you to gather all of the necessary documents and information. This ensures the accuracy of your income tax return and reduces the likelihood of errors. Aadhar card, PAN card, Form-16, salary slip, interest certificate from a bank or post office, tax-saving investment proof, and health insurance premium receipts are all important documents.
Filing the return is only half of the procedure. After that, you must also verify it. The current tax laws require you to verify it within 30 days of filing the ITR. Filing the return early gives you enough time to double-check it and correct any mistakes.
