MYITRONLINE FREE ECA CONSULTATIION
😀 Free Tax consultation with Myitronline.
MYITRONLINE SERVICES

Income Tax efiling in India for FY 2023-24 (AY 2024-25)

We have changed the way people do tax filing in India. We don’t just get your tax return filed within minutes but get you maximum refunds in shortest time.

File ITR Now Hire eCA Now
Article Content

Income Tax Due Dates: Important Deadlines for Tax Compliance

"Income Tax Due Dates are crucial deadlines set by the government for filing returns, paying taxes, and meeting compliance requirements. Understanding and adhering to these deadlines is essential to avoid penalties and ensure timely tax compliance."

Certainly! Here's a shortened version: Importance of Timely Compliance

Timely compliance is crucial to avoid penalties and legal consequences. Missing deadlines can result in financial penalties, interest charges, and legal liabilities, impacting financial health and reputation. Proactive adherence to deadlines ensures smooth tax filing processes and maintains compliance with regulatory requirements.

ITR Filing Last Date FY 2023-24 (AY 2024-25)

For the financial year 2023-24 (assessment year 2024-25), the last date for filing income tax returns (ITR) typically falls on July 31 of the assessment year. However, it's essential to verify this date with the latest updates from the Income Tax Department, as deadlines may vary based on any announcements or changes made by the authorities. It's advisable to file your ITR well before the due date to avoid any last-minute rush or penalties for late filing.

What is the deadline for filing Income Tax Returns (ITR)?

The deadline for filing Income Tax Returns (ITR) is typically July 31st of the assessment year.

Explain the terms "Financial Year (FY)" and "Assessment Year (AY)"?

Financial Year (FY): Refers to the 12-month period during which income is earned. For example, FY 2023-24 starts from April 1, 2023, and ends on March 31, 2024. Assessment Year (AY): Begins immediately after the financial year ends and is the year in which income earned during the previous financial year is assessed and taxed. For example, AY 2024-25 assesses income earned during FY 2023-24

Income tax filing due dates for FY 2023-24 (AY 2024-25)

For the financial year 2023-24 (assessment year 2024-25), the due date for filing income tax returns (ITR) is typically July 31 of the assessment year. However, it's essential to verify this date with the latest updates from the Income Tax Department, as deadlines may vary based on any announcements or changes made by the authorities. It's advisable to file your ITR well before the due date to avoid any last-minute rush or penalties for late filing.

Frequently asked questions

Income Tax Due Dates are deadlines set by the government for various tax-related activities, including filing income tax returns, paying advance tax, and submitting tax audit reports.

For individuals, the due date for filing Income Tax Returns (ITR) for the financial year 2023-24 (assessment year 2024-25) is typically July 31, 2024. However, it's essential to verify this date with the latest updates from the Income Tax Department.

Missing Income Tax Due Dates can result in financial penalties, interest charges, and legal consequences. It's crucial to adhere to these deadlines to avoid such consequences and ensure compliance with tax laws.

Yes, there are different due dates for individuals and businesses. While individuals usually have a deadline of July 31 for filing ITR, businesses may have additional due dates for tax audit reports, advance tax payments, and other compliance-related activities.

Taxpayers can ensure timely compliance with Income Tax Due Dates by maintaining organized records, setting reminders for important deadlines, and seeking assistance from tax professionals if needed. It's also advisable to file tax returns well before the due date to avoid last-minute rush and potential penalties.
MYITRONLINE CEO

Krishna Gopal Varshney

“Krishna Gopal Varshney co-founder & CEO of Myitronline.com. Myitronline is amongst the top emerging startups of Asia and authorized ERI by the Income Tax Department. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. ”

Popular Tags:
Was this article helpful?
25 out of 78 found this helpful

TRENDING GUIDES

  1. Income Tax Return
  2. What is From-16? What are the components of form- 16? Basics, its types, and importance, How to download online, Part-A and Part-B along with FAQ
  3. The Most Complete Guide on Rent Receipts/Slips to claim maximum HRA Tax Benefits
  4. Linking PAN with Aadhaar for Income Tax Filing
  5. Income Tax Slabs FY 2020-21, AY 2021-22 & Tax Rates for FY 2020-21/ FY 2019-20/ FY 2018-19
  6. PAN Card – What is PAN, Eligibility & How to Apply – PAN Card Guide 2022
  7. What is an Aadhaar card
  8. ITR : Know about Which ITR Should I File?, Types of ITR and how to File ITR for FY 2019-20 (AY 2020-21)
  9. ITR 1 Sahaj Form – File ITR 1 Online
  10. ITR-2 Form
  11. ITR-3 Form – What is ITR3 & How to file ITR-3,A comprehensive guide to understanding the ITR-3 Form
  12. Deductions on Section 80C, 80CCC, 80CCD & 80D
  13. EVC Verification – Income Tax Filing
  14. Belated and Revised Return
  15. ITR-4 Form, A comprehensive guide to understanding the ITR-4 Form
  16. ITR5 Form,A comprehensive guide to understanding the ITR-5 Form
  17. ITR-6 Form
  18. ITR-7 Form,A comprehensive guide to understanding the ITR7 Form
  19. Check Income Tax Refund Status Online through Income Tax India E-Filing
  20. Salary Income
  21. Income from House Property and Taxes
  22. 7 Steps To File ITR Without Form 16
  23. Tax Audit – Meaning and Applicability
  24. Capital Gain Tax In India
  25. Section 80DDB Income Tax Deduction for the Specified Diseases
  26. Relief under section 89 | Taxability in case of Arrear of Salary
  27. Save Income Tax on Salary Income
  28. Income Tax Form 60
  29. Section 80TTA Deduction for Interest on Saving Accounts
  30. Section 80GG: Deduction For Rent Amount Paid
  31. Income Tax India Efiling Login – Guide[Updated]
  32. Section 80E Deduction on Interest of Education Loan taken for Higher Education
  33. Section 80D Income Tax Deduction for Medical Insurance, Expenditure & Preventive Health Check-Up
  34. Section 80DDB Income Tax Deduction for the Specified Diseases
  35. Section 80U Income Tax Deduction for the Disabled Persons
  36. Section 80GGC: Tax Benefits to certain persons Individuals on Political Donations
  37. Section 80RRB: Deductions on Income from Patent Royalty
  38. Section 80TTB: Tax Deduction for Senior Citizens on Interest Income Meaning, eligibility, quantum of tax benefit, exception etc for the FY 2020-21 (AY 2021-22) & FY 2019-20 (AY 2020-21)
  39. Easy Steps To File ITR For FREE With Myitronline
  40. Simple Steps to File ITR With Myitronline.com
  41. Aadhaar Card Status – How to Check, Update Aadhaar Card Status Online & Status Enquiry
  42. UIDAI Status & Services – All About UIDAI
  43. Mutual Funds - What is a Mutual Fund? Types, Benefits & Everything You Need To Know - Invest In Top Mutual Funds Online
  44. LTA - Travel Grant - Laws, Claims, Eligibility, Tax Exemptions and Recent Updates
  45. HRA, Rental Housing Grant - Calculation, Tax Exemption and Tax Laws<br><br><p>A guide on how to claim an HRA exemption and save taxes</p>
  46. Regular Deductions for Payers
  47. How to Apply ITR (Income Tax Returns) to myitronline - Income Tax E-filing Guide For FY 2020-21
  48. How to install ITR at https://www.incometaxidiaefiling.gov.in/home?
  49. Is It Mandatory to file Income Tax Return?
  50. 7 Steps To File ITR Without Form 16
  51. What Is Form 16 - Foundations, Part A & Part B of Form 16, Frequently Asked Questions?
  52. Form 26AS - All You Need to Know - Download Form 26AS Online, Structure and Form Form 26AS
  53. Form 15G & Form 15H Save TDS In Interest
  54. Save Income Tax on Salary Income
  55. Income from House Property and Taxe
  56. Due Date of Income Tax Return(ITR) Filing in India
  57. Filing Revised Income Tax Return Under Section 139(5)
  58. Applying for Business Tax Returns: Types of Business Tax Returns, Business Taxes
  59. Freelancers and Taxes
  60. Revenue from Other Sources - Income Tax Deductions and Exemptions
  61. Source Taxes (TCS) - Payments, Exemptions and Rates
  62. What is Advance Tax? - Advance Tax Calculator
  63. Check Income Tax Refund Status Online through Income Tax India E-Filing
  64. How to Apply for a Tax Credit on a Foreign Citizen's Income
  65. Challan 280 - How to Pay Your Income Tax Online with Challan 280 - Online Tax Payment
  66. Basics of Income Tax for Beginners
  67. Interest Established in the IT Department - Section 234B
  68. Interest Established in the IT Department - Section 234A
  69. TDS Return - How to claim a TDS return
  70. How to Get Started With Your Big Money Loss
  71. Go and Continue For Loss
  72. How to Get Started With Your Big Money Loss
  73. Delayed Filling Payment of Income Tax Return - AY 2020 -21
  74. How to Download and Send ITR-V Acknowledgement To CPC
  75. Types of ITR Forms: Which ITR Form to Download & File ITR Online?
  76. Aditya, Home owner
  77. Guide to Printing and Exporting ITR-V to CPC - Bangalore Income Tax Department.<br><br><p>Income Tax Department, CPC Bangalore</p>
  78. How do you install E-File ITR 2 if you are selling a house, land or building?
  79. Section 44ADA - Presumptive Tax Scheme for Employees
  80. Income Tax - Completion of Refunds, Slabs, Income Tax Department, Rules and Regulations - Know All About Income Tax in India
  81. ITR Guide - Which ITR Should I Apply? Types of ITR, File ITR - Income Tax Returns filing - ITR forms FY 2020-21, AY 2021-22
  82. Maintaining Book of Accounts for Company – Companies Act
  83. Guide to Printing and Exporting ITR-V to CPC - Bangalore Income Tax Department.<br>Income Tax Department, CPC Bangalore
  84. Standard Deduction for Salaried Individuals
  85. 5 Year Senior Citizen Savings Scheme(SCSS) Know the latest interest rates, investment limit, taxability, who can invest, how to open SCSS, maturity
  86. Section 115BAC - Features of the new tax system and its benefits - 115BAC of Income Tax Act
  87. HUF, How to Save Income Tax
  88. Is Pension Taxed?
  89. Form 10IE - Option to select new tax system
  90. Deductions on Property Income - Section 24
  91. ITR – Which ITR Should I File? Types of ITR, How to FIle ITR – Income Tax Returns e-filing – ITR forms for FY 2020-21, AY 2021-22
  92. ITR Due Date FY 2020-21 (AY 2021-22) – ITR Deadline Extended to Dec 31, 2021 – Last Date for Income Tax Filing
  93. What is PAN, Eligibility & How to Apply – PAN Card Complete Guide-2022
  94. From-16
  95. What is Income Tax Slab?
  96. Income Tax Department Follow Up
  97. ITR Filing For Freelancers, Businesses, And Professionals
  98. Income From Capital Gains including from share market
  99. ITR Filing For Any Businesses Income (Non-Tax Audit)
  100. What is section 80DD
  101. What is 80U
  102. What is 80d
  103. What is HRA (House rent allowance)?
  104. Is the income tax act applied to residents only
  105. What is IFSC
  106. What is section 80C?
  107. Capital Gains Tax
  108. Guide - Online Free Company Search, Company Name Check, Status on MCA Search
  109. How to Guide on Rent Receipts- How to Claim HRA Deduction - Myitronline
  110. Salary Income/Type of the Components from Salary Income/Required Documents for tax on salary income/Taxability of Salary Income
  111. Taxes on Income From House Property
  112. Difference Between Direct and Indirect Taxes
  113. What is Excise Duty, Excise duty Meaning, and Types of Excise Duty In India
  114. Income Tax Rebate Under Section 87A
  115. What is a home loan EMI calculator?
  116. Capital Gains Calculator
  117. Income Tax Notice
  118. What is Mudra Yojana, What Types and How to apply For this?
  119. Memorandum of Understanding (MOU) - Everything that You must know
  120. Income Tax For Business/self-employed - Everything you must know
  121. Cost Inflation Index - What is Cost Inflation Index? How to calculate CII?
  122. The Difference Between Long-Term And Short-Term Business Loans
  123. Section 194J – Fees for professional or technical services
  124. Section 139(8A) – Updated Return (ITR-U) u/s 139(8A)
  125. Form 10ID - Income tax
  126. What Is TAN? Required Documents, & How To Apply For TAN?
  127. Form 15H and 15G - Difference Between Form 15H/G
  128. Form 15G/Form 15H - Everything You must know-
  129. AIS (Annual Information Statement): Features, Benefits & Importance
  130. Form 26AS - What is Form 26AS, Parts & Online Submission
  131. What is Deferred Tax - Assets And Liabilities
  132. An Overview of Dividend Stripping - Section 94(7)
  133. Form 60 - What is form 60, Documents Required, Procedure for filling up Form
  134. Income Tax Surcharge - What is Surcharge On Income Tax, Marginal Relief & Surcharge Rates
  135. Section 115BAA: Tax Rate for Domestic Companies
  136. How to file ITR Online - A complete guide
  137. Documents Required For Income Tax Return (ITR) Filing In India FY 2022-23 (AY 2023-24)
  138. What is Form 16B & Section-197IA? How to download it & Eligibility…
  139. investment proof submission income tax
  140. Section 194IA TDS on Purchase of Immovable Property - Myitronline
  141. CBDT Issued Updated FAQs on Income Tax e-Verification Scheme-2021
  142. NRI PAN Card - How To Apply For NRI PAN
  143. Form ITR-1: Who should File Form ITR-1 (Sahaj) Or the Required Documents For AY 2023-24
  144. How to claim rebates under Section 87A of Income-tax Act Myitronline
  145. Complete Guide: How to File TDS Returns Online - Step-by-Step Instructions
  146. Exploring the New Income Tax Portal: Features, Registration, and Benefits
  147. Income Tax Department of India - Official Website | incometax.gov.in
  148. Income Tax Due Dates: Important Deadlines for Tax Compliance
  149. Income From Selling Shares: Capital Gains, Taxation, and Reporting Guide
  150. Loan Agreement: Key Terms, Legal Considerations
  151. Succession Certificate: Importance, Application Process, and Legal Rights
  152. Solvency Certificate: Understanding, Application Process, and Legal Requirements
  153. Debt Settlement Agreement: Understanding, Process, and Benefits
  154. Rental Agreement: Essential Guide to Terms, Responsibilities, and Legal Compliance
  155. Letters of Credit: Essential Guide to International Trade Finance

Contact Support

Not finding the help you need?

Submit a Ticket

Prosperous impression had delay

Email us

Reach us at info@myitronline.com