Elections are over, now don't worry about paying income tax; this is the last date - Newztezz Online


Wednesday, June 5, 2024

Elections are over, now don't worry about paying income tax; this is the last date

If you are a job holder then this news can prove to be useful for you. Actually, the deadline for filing income tax returns is coming closer. In such a situation, if you have not filed income tax yet, then file it soon.

If you have not filed income return yet, then this news is useful for you. Actually, it is very important for employed people to file income tax return. If you do not do this, you may also face problems. All taxpayers have to file ITR i.e. income tax return for the financial year 2024-25. In such a situation, let us know what is the last date for filing income tax return.

The Income Tax Department has released the income tax forms. The last date for filing ITR for those who do not want to be audited is 31 July 2024.

You get these benefits

If you file your return before the deadline i.e. 31 July 2024, then you get many benefits. The first benefit is that you will not be charged any additional fees on it. Also, you can claim TDS as usual. You can submit complete information about your income.

But even if any information is missed, you will have time to revise the income tax return till 31 December 2024. It is very important to have some necessary documents to file ITR. Proof of income is necessary to file ITR. You should have complete details of where you get money from.

This information has to be given

Apart from this, it is necessary to submit all the information about where you have made deductions like whether you have taken any insurance, medical insurance, home loan, pension scheme deposit, sale of land, income from other sources etc. to the Income Tax Department. The Income Tax Department has AIS i.e. Annual Information Statement, the information you have in it is also with the Income Tax Department, so it is necessary to cross check.

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