Income Tax Return Filing start date

The due date of filing ITR varies depending on the type of taxpayers viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI and the applicability of audit.

The last date for filing the income tax return is generally on 31 July of the assessment year (AY). The ITR must be filed for income earned from 1 April 2022 to 31 March 2023, latest by 31 July 2023 unless extended by the government.

You can file your income tax return online or offline. To file your income tax return online, you can use the e-filing portal of the Income Tax Department of India. To file your income tax return offline, you can download the income tax return form from the Income Tax Department website and submit it to the Income Tax Department office in your jurisdiction.

The ITD has also released the ITR forms for AY 2023-24. There are a total of seven ITR forms, each designed for a different category of taxpayers. The most commonly used ITR forms are: ITR-1: For individuals with income up to Rs. 50 lakh and who do not have any business or professional income. ITR-2: For individuals with income up to Rs. 50 lakh and who have business or professional income. ITR-3: For individuals with income above Rs. 50 lakh. ITR-4: For Hindu Undivided Families (HUFs). ITR-5: For companies. ITR-6: For partnership firms. ITR-7: For trusts and other entities.

Taxpayers can file their ITRs online through the ITD's e-filing portal. The e-filing portal can be accessed at https://www.incometaxindia.gov.in/.

1. To file their ITRs online, taxpayers will need to have a valid PAN (Permanent Account Number) and an Aadhaar number. They will also need to have their Form 16 (a statement of income and taxes deducted at source) from their employer.
2. The ITD has also made it possible for taxpayers to file their ITRs offline. To do this, taxpayers can download the ITR forms from the ITD's website and fill them out manually. The filled-in forms then can be sent to the ITD by post.
3. The last date for filing ITRs for AY 2023-24 is July 31, 2023. However, taxpayers who file their ITRs after the due date will have to pay a penalty. The penalty can be from Rs. 1000 to Rs. 5000.
4. Here are some tips for filing your ITR: Gather all the necessary documents. This includes your Form 16, your bank statements, and any other documents that show your income and expenses for the financial year. Use the correct ITR form. There are different ITR forms for different categories of taxpayers. Make sure you use the correct form for your situation. Fill out the ITR form carefully. Make sure you enter all the information correctly. Verify the information on your ITR form before you submit it. This will help to avoid errors.

File your ITR on time. The last date for filing ITRs for AY 2023-24 is July 31, 2023. By following these tips, you can ensure that you file your ITR correctly and on time.