The final bell for Income Tax Return (ITR) filing for 2024 is about to ring, with just a week left until the deadline of July 31, 2024. The Income Tax department announced on Tuesday that over 4 crore ITRs have been filed until July 22 for the accounting year 2024-25.
This year, the milestone was reached two days earlier compared to the last accounting year, 2023-2024, which saw such numbers by July 24. ‘Our gratitude to taxpayers & tax professionals for helping us reach the milestone of 4 crore Income Tax Returns (ITRs)!’ the IT department stated.
The department highlighted the achievement on social media platform X, noting, ‘Over 4 crore ITRs for AY 2024-25 have already been filed till July 22 this year as compared to July 24 last year.’
Income Tax Return Filing 2024
As the ITR filing deadline approaches, many taxpayers are encountering technical glitches. The IT department urges taxpayers to file their returns well in advance to avoid last-minute issues. ‘We urge all those who haven’t filed ITR for AY 2024-25 to file their ITR at the earliest to avoid last-minute rush,’ the department advised on X.
Common problems include login failures, unresponsive pages, and timeouts. Some taxpayers reported that their filings were only reflected in records after multiple submissions.
How to File ITR
Filing your ITR is not just a legal requirement; it offers several benefits, such as claiming refunds and easing loan applications. Certain government schemes and scholarship programs may also require ITRs as proof of eligibility.
If you haven’t filed your ITR yet, you can do so easily. Click here for a step-by-step guide.
For taxpayers with multiple income sources, ITR filing can be daunting, but timely submission ensures compliance and access to various financial benefits.
