A viral post has been claiming that the deadline for filing income tax returns (ITR) has been extended to 31 August. However, the Income Tax department has officially debunked this claim, stating that the due date for electronically filing ITR is 31 July. While the viral circular might apply to registered publishers, it is not related to the deadline for filing ITR. Our investigations have found that the deadline remains unchanged and that the viral claim is false.
The government has clarified that the deadline for filing income tax returns (ITR) for FY2023-24 remains July 31, 2024, despite claims on social media of an extension till August 31st. The confusion stemmed from a misinterpretation of an advisory from the Press Registrar General of India, which was meant for a specific set of annual returns and not for individual income tax returns. The government has also introduced a new tax regime to simplify the tax structure and reduce the tax burden for taxpayers.
The clock is ticking for taxpayers as the July 31, 2024 deadline for filing income tax returns (ITR) for the financial year 2023-24 looms nearer. Filing your ITR on time is crucial to avoid hefty penalties, and there is no indication that the date will be extended. Stay in compliance and prevent financial losses by submitting your ITR before the deadline.