ITR Filing 2024: Only three days left, more than 5 crore ITRs have been filed so far..

Income Tax Return Filing: The deadline for filing an Income Tax Return (ITR) is fast approaching. Now only 3 days are left in it but so far more than 5 crore people have filed returns. Let us tell you that the last date for filing ITR for the financial year 2023-24 (assessment year 2024-25) is 31 July 2024, which is very close.

The Income Tax Department has tweeted that during the current financial year 2024-25, more than 5 crore income tax returns have been filed on the e-filing portal, which is 8 percent more than last year.

More than 28 lakh ITRs filed on 26 July
The Income Tax Department said that more than 28 lakh ITRs were filed on July 26. More than 8.61 crore ITRs were filed in the financial year 2023-24.

Penalty will be imposed for filing ITR after the deadline
If you have not yet filed an ITR and are waiting for the deadline to be extended, then it can cause loss. It is not that the return will not be filed after the deadline. ITR can be filed for the financial year 2023-24 even after the deadline. But this will be a belated ITR, with which a penalty of up to Rs 5000 will have to be paid.

Will the July 31 deadline be extended?
So far there has been no announcement regarding the extension of the deadline for ITR filing. The Income Tax Department is constantly asking taxpayers to file returns before July 31.