The Personal Expense Office has not declared any cutoff time expansion up to this point. Prior, in a post on X (previously Twitter), the IT division expressed that as of July 26, 2024, more than five crore ITRs had proactively been documented 8.5 percent expansion from the quantity of ITRs recorded during a similar period last year. Albeit a few citizens have revealed OTP check disappointments and rehashed accommodation endeavors while attempting to fill the ITR. Attributable to this, the All-India League of Duty Experts (AIFTP) encouraged the Focal Leading group of Direct Charges (CBDT) to broaden the cutoff time for documenting annual government forms for the appraisal year 2024-25 from July 31 to August 31.
Moreover, the All Gujarat League of Duty Experts and the Personal Expense Bar Affiliation likewise mentioned a cutoff time expansion. In a post on X, the duty division said, "We ask every one of the people who haven't recorded ITR for AY 2024-25 to document their ITR at the earliest to keep away from a last-minute rush."
What occurs on the off chance that you miss ITR cutoff time?
In the event that you miss the ITR cutoff time, you will have the choice to document a late ITR until December 31, 2024. You will be charged a punishment in the event that the citizen neglects to record returns inside the cutoff time. You should suffer a consequence of ₹1,000 assuming your complete yearly available pay is underneath ₹5,00,000 or more that the punishment is ₹5,000. In addition, you can not select the old assessment system for charge computation purposes assuming you miss the cutoff time.
How to check ITR discount status?
In the event that you have proactively recorded your annual expense forms, you can check the discount status on the Personal Assessment Division's entry - incometax.gov.in following these means.
1. Sign in to the personal assessment e-documenting gateway utilizing your ID and secret key
2. Go to the 'e-Record' tab
3. Select 'Personal Assessment forms' and snap on 'View Documented Returns'
4. You will actually want to see the discount status
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