The Income Tax Return (ITR) filing deadline for the financial year 2023-24 (assessment year 2024-25) is July 31, 2024. However, if you miss the due date, you can still file a belated return before December 31, 2024.
To prepare for ITR filing, you will need to gather several key documents:
- PAN Card
- Aadhaar Card
- Form 16 from your employer, which summarizes your salary details and TDS deductions
- Form 26AS, which provides a summary of your tax deductions and payments
- Documents related to investments and deductions under Section 80C, such as PPF, NSC, ULIP, and LIC
- Details of your bank accounts, including account numbers, IFSC codes, and total accounts held
- Documents for capital gains from sale of shares, securities, or property
- Dividend income statements
- Home loan statements for principal and interest repayment details
Also Check
- Global Heat Record Shattered: July 21, 2024, Declared Hottest Day in History
- Radical Cleric Anjem Choudary Convicted for Directing Banned Terror Group Al-Muhajiroun
- Biden Faces Health Rumors as COVID-19 Recovery Continues, Political Implications Loom
- Kamala Harris’s Potential Presidency: What Her Indian Roots Could Mean for India-U.S. Relations
- Vice President Kamala Harris Descends from Notorious Jamaican Slave Owner
The ITR filing process involves reporting your income, deductions, and tax liability to the Income Tax Department. You can file your ITR online through the e-filing portal of the Income Tax Department.Ensure that you file your return on time to avoid interest and penalties under Sections 234A and 234F of the Income Tax Act.