INCOME TAX 

The deadline to file income tax returns (ITR) for FY 2023-24 is July 31, 2024, with no extension announced.

A PIB Fact Check confirmed the deadline remains July 31, countering misinformation on social media.

Taxpayers facing technical issues can contact the I-T helpdesk via toll-free numbers or email.

The I-T department advises using Edge, Chrome, or Firefox browsers for better e-filing experience.

Over 6.5 crore ITRs were filed by July 30, 2024, a 7.5% increase from the previous year.

The total number of ITRs filed is expected to exceed 7.1 crore, surpassing last year's 6.77 crore.

The I-T filing portal has experienced slowdowns due to high traffic, causing delays in document downloads.

Last-minute filers may submit incomplete data due to limited time for review.

Missing the July 31 deadline incurs a late filing fee of ₹5,000, or ₹1,000 if income is below ₹5 lakh.

Late filers will be defaulted to the new tax regime, losing the ability to claim exemptions and deductions under the old tax regime.