India records more than 5.9 crore income tax return (ITR) filings before the July 31 deadline, according to reports. The deadline applies to individuals required to file ITR-1 and ITR-2 forms who are not mandated to undergo an account audit. These taxpayers can submit their returns by July 31 to avoid interest charges and late-filing fees. The coverage notes that the filing window and compliance requirements are tied to the nature of the ITR form and whether an audit is applicable, rather than the taxpayer’s filing status generally. After the deadline, returns filed without meeting the cutoff may attract penalties, including interest and late fees, depending on the rules applicable to the form and taxpayer category. The reports focus on the overall number of returns filed within the compliance period and reiterate the specific categories covered by the July 31 cutoff for ITR-1 and ITR-2 filers who do not require audited accounts.
India surpasses 5.9 crore ITR filings before July 31 deadline
India records more than 5.9 crore income tax return (ITR) filings before the July 31 deadline, according to reports. The deadline applies to individuals required to file ITR-1 and ITR-2 forms who are...
- India reports over 5.9 crore income tax return filings before July 31.
- The July 31 deadline applies to individuals filing ITR-1 and ITR-2.
- The deadline covers those not required to have their accounts audited.
- Filing by July 31 helps avoid interest charges.
- Filing by July 31 also helps avoid late-filing fees.
July 31 was the deadline for individuals filing ITR-1 and ITR-2 who are not required to get their accounts audited to submit their returns without incurring interest or a late-filing fee.
3 hours agoJuly 31 was the deadline for individuals filing ITR-1 and ITR-2 who are not required to get their accounts audited to submit their returns without incurring interest or a late-filing fee.
3 hours agoRugby community holds funeral for Luqobo “Bibo” Makwedini after heatstroke death in France
The rugby community in South Africa gathers in Qumrha for the funeral of Luqobo “Bibo” Makwedini, a young player describ...
Husband dies without reuniting with wife released after plotting his killing
Ray Weatherall dies without fulfilling his stated final wish to be reunited with his wife, who is released after serving...
Labour Court upholds dismissal of Santam employee for refusing Covid-19 vaccine
The Labour Court in Cape Town upholds the dismissal of a former Santam employee who refused to comply with the insurer’s...