Hey there! The deadline for submitting your Income Tax Return (ITR Filing) for the year 2024 is almost here. Can you believe there are only five days left? The tax authorities are urging everyone to file their returns quickly. If you don’t, you might end up with late fees or penalties. Yikes!
Will They Extend the ITR Filing Deadline?
Lots of taxpayers are crossing their fingers, hoping the Income Tax Department will give us more time for the Assessment Year 2024-25. Why? Well, many people faced major technical problems while trying to use the e-filing portal, which made submitting returns super tough, even after many attempts.
Current ITR Filing Deadline for FY 2023-24
So far, we haven’t heard any official word from the Income Tax Department about extending the deadline. The department keeps sending out emails & messages reminding everyone to get their returns in before the due date. As it stands now, July 31, 2024, is still your filing deadline.
Just recently on social media, the Income Tax Department reminded folks: “Make sure you file your ITR if you haven’t already. The due date for AY 2024-25 is July 31, 2024.”
Is Filing a Nil ITR Mandatory? Why should you file a Nil Return?
ITR Filing: Further Reading
* **ITR Processing Time AY 2024-25**: Find out when refunds will arrive after filing.
* **Income Tax Refunds**: Learn how long it takes to get those refunds.
* **Income Under 5 Lakhs**: Do you need to file ITR?
* **Checking Refund Status Online**: A simple guide using your PAN card.
Taxpayer ITR Filing Stats This Year
As of July 26, over 5 crore ITRs have been filed! That’s more than last year’s numbers at this time. Last year by July 31, there were 6.77 crore ITRs in total. Experts think that this year could see a 10% rise in filings—maybe even hitting 7.5 crore by July 31! With only five days left, about 2.5 crore taxpayers might still file their returns based on trends and last year’s data.
Record ITR Filings for FY 2022-23 (AY 2023-24)
Wow! The Income Tax Department saw a huge increase in filings this past year—8.18 crore by December 31, compared to just 7.51 crore in December of the previous year.
Technical Troubles on the E-Filing Portal
Many individual taxpayers and tax professionals have run into issues with accessing important forms like Form 26AS/AIS/TIS. There are also some mismatches between what’s shown in statements. Plus, there have been delays with updates to responses in the Tax Information Summary (TIS). Technical glitches—like constant buffering—have made ITR filling out forms even harder. Some users noted that data didn’t match up between what was pre-filled in the ITR and actual amounts for salary, interest income, & TDS according to Form 26AS.
Frequently Asked Questions (FAQ) about ITR Filing in 2024
Q: What’s the deadline for filing ITR for FY 2023-24?
A: You’ve got until July 31, 2024, to submit your Income Tax Returns (ITR).
Q: Could they extend the ITR filing deadline
A: Although many hope so because of these tricky technical issues on the e-filing site, there’s been no official announcement from the Income Tax Department yet. So right now, hang tight till July 31!
Q: What if my e-filing portal has problems?
A: First off, try to take screenshots of any issues you face & report them to the support team at the Income Tax Department. And please keep trying to file your return as soon as possible so you don’t get penalties!
Q: How many income tax returns have been filed so far this year?
A: Over 5 crore! That’s up from last year when we had about 6.77 crore filed by this same date. This year might reach about 7.5 crore by deadline day.
Q: What tech issues are popping up on the e-filing portal?
A: Users report issues like ongoing buffering problems and mismatches between pre-filled data and actual figures—they’re also having trouble accessing essential forms like Form 26AS/AIS/TIS.
Q: How do I check my income tax refund status?
A: You can check online with your PAN card! The Income Tax Department’s website has a step-by-step guide that makes things easier.
Q: Do I still need to file an ITR if my income is below Rs. 5 lakh?
A: It’s not required for everyone with an income under Rs. 5 lakh—but it’s a smart idea! Filing can help you get refunds if you’ve paid too much tax or help with loan applications later on.
Q: After filing my ITR, how long until I see my refund?
A: It varies—a few weeks to maybe a couple of months after it’s all processed and verified.
Remember to stay updated with information directly from the Income Tax Department!
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