ITR Filing: The Income Tax Department will soon start the process of filing Income Tax Returns (ITR). Filing ITR on time will get the refund soon. According to income tax experts, the ITR form is expected to be released soon. The last date is July 31, so it would be appropriate to file ITR as soon as possible. This can avoid delay in refund.
The process of filing Income Tax Returns (ITR) will start from the date fixed by the Income Tax Department. In such a situation, you need to file income tax returns without delay. If you get a refund by filing it on time, then you will start getting the refund soon. In the year 2024, online forms were issued by the Income Tax Department in the month of April itself.
Last date for issuing ITR is July 31
If there is no difference in ITR, the refund is issued. He told that the last date for filing income tax returns is fixed as July 31.
Forms are issued in the month of May 16
It is expected that the form will be released. After this, taxpayers whose TDS has not been deducted can also file ITR, because the forms are issued on 16 May. Income tax experts CA Ashish Rohtagi and CA Rashmi Gupta said that the Income Tax Department must be making efforts for the ITR form. In such a situation, it is expected that these forms will come soon.
If you file income tax return on time, then you will get your refund soon. If there is a delay in this, then there may be a delay in the refund as well. Actually, the Income Tax Department starts the process of return after ITR is filed within the deadline.
