ITR e-filing Start Date: The e-filing start date for ITR in 2024 is yet to be announced by the Income Tax Department. However, it is important to keep in mind that the e-filing process has become increasingly popular and convenient over the years, allowing taxpayers to file their returns quickly and easily from the comfort of their own homes. To ensure a smooth e-filing experience, it is recommended that taxpayers gather all necessary documents and information beforehand, such as their PAN number, bank account details, and relevant financial statements. Additionally, it may be helpful to familiarize oneself with the e-filing process by reviewing online tutorials or seeking assistance from a tax professional. With proper preparation and knowledge, filing your ITR electronically can be a stress-free and efficient process.
The start date for e-filing of income tax returns (ITR) varies depending on the assessment year. For the current assessment year 2021-22, the e-filing start date was July 1, 2021. It is important to note that e-filing is mandatory for individuals with an annual income exceeding Rs. 5 lakh and for all companies. E-filing offers many benefits such as convenience, speed, and accuracy in filing returns. The process is simple and can be completed online from the comfort of your own home. If you need any assistance with e-filing or have any questions about the process, you can visit the Income Tax Department’s website or seek help from a certified tax professional.
ITR e-filing Start Date 2024
The start date for e-filing of Income Tax Returns (ITR) varies from year to year, but typically it begins in the first week of April. It is important to note that the last date for filing ITR also varies depending on the type of taxpayer and their income level. However, it is always advisable to file your ITR as early as possible to avoid any potential penalties or late fees. If you need any assistance with e-filing your ITR, there are many resources available online, including step-by-step guides and video tutorials. Additionally, you can reach out to a tax professional or accountant for personalized assistance with your tax filing needs. The start date for ITR e-filing in 2024 is an important piece of information for all taxpayers.
It is crucial to file your income tax return (ITR) on time to avoid any penalties or legal consequences. The e-filing process makes it easier and more convenient for taxpayers to file their ITR online from the comfort of their own homes. While the exact start date has not been announced yet, it is advisable to stay up-to-date with the latest news and updates from the Income Tax Department in order to ensure that you file your ITR on time. In addition, there are various resources available online that can help guide you through the e-filing process and answer any questions you may have. Filing your ITR on time not only helps you avoid penalties but also ensures that you are compliant with tax laws and regulations, so don’t hesitate to seek out helpful resources as needed.
ITR e-filing Start Date 2024 Details
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Salaried? you may have to wait a little longer
Dr. Suresh Surana, founder of RSM India, claims that the ITR filing process ought to technically begin on April 1. In any case, salaried people generally document their profits subsequent to getting Structure 16 from their bosses. In most cases, this form is handed out in the first half of June. As a result, salaried workers may be able to begin filing their returns beginning in the middle of June 2024 and continuing through July 31, 2024.
“In most cases, the filing of income tax returns will begin on the first of April of the relevant assessment year (AY) or on the date that such income tax forms are notified by the CBDT, whichever comes first. According to Dr. Surana, taxpayers, including salaried taxpayers, could technically begin their ITR filings for Financial Year 2022-23 (relevant to AY 2024-25) on April 1, 2024 itself because the income tax forms for AY 2024-25 were announced in February 2024.
However, salaried workers typically base their tax returns on the TDS certificate (Form 16) they receive from their employers. Employers typically issue this form in the first half of June because the 31st of May is the last day to file TDS for the March quarter, and Form 16 must be issued 15 days after the return is filed. Therefore, salaried taxpayers should verify the certificate’s details before filing their return after obtaining such a TDS certificate,” he adds.
Tax professionals advise taxpayers to file their returns as soon as possible to avoid paying excessive interest. For salaried taxpayers, the deadline to file their income tax returns for the fiscal years 2022 and 2024 is July 31, 2024.
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What are Financial Year (FY) and Assessment Year (AY)?
The income you have earned between April 1, 2022, and March 31, 2024 is the subject of the tax return you are currently submitting. For FY 2022-23, the assessment year is when you file your returns and declare your investments for tax assessment. For the pay procured during the FY (here FY 2022-23), the evaluation year would be the promptly one year from now, for example first April 2024 to 31st Walk 2024. As a result, the assessment year would be 2024-2025.
So, the last date to file ITR as FY 2024-25 is discussed below.
Income tax filing due dates for FY 2022-23 (AY 2024-25)
| Category of Taxpayer | Due Date for Tax Filing- FY 2022-23 *(unless extended) |
| Individual / HUF/ AOP/ BOI (books of accounts not required to be audited) |
31st July 2024 |
| Businesses (Requiring Audit) | 31st October 2024 |
| Businesses requiring transfer pricing reports (in case of international/specified domestic transactions) |
30th November 2024 |
| Revised return | 31 December 2024 |
| Belated/late return | 31 December 2024 |
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Important due dates for paying advance tax instalments for FY 2024-25
At the point when we discuss annual expense, there are sure duty conventions that should be followed inside the predefined due dates, for example, documenting personal assessment forms, paying development charge on time, and so on.
The due dates for the payment of advance tax are:
| Due date | Nature of compliance | Tax to be paid |
| 15th June 2024 | First instalment | 15% of tax liability |
| 15th September 2024 | 2nd instalment | 45% of tax liability |
| 15th December 2024 | 3rd Instalment | 75% of tax liability |
| 15th March 2024 | 4th instalment | 100% of tax liability |
| 31st March 2024 | Presumptive scheme | 100% of tax liability |
Conclusion
In this conclusion, The e-filing start date for ITR in 2024 is an important piece of information for taxpayers in India. The Income Tax Department has announced that the e-filing process will begin on April 1, 2024, and taxpayers will be able to file their income tax returns online through the official government website. This is a convenient option for taxpayers who prefer to file their returns from the comfort of their own homes or offices. In order to make the process even easier, the Income Tax Department has also introduced a number of user-friendly features on its website, including step-by-step guides and video tutorials. These resources are designed to help taxpayers navigate the e-filing process with ease and confidence. If you have any questions about how to file your income tax return online or need assistance with any aspect of the process, don’t hesitate to reach out to the Income Tax Department or consult with a qualified tax professional.
ITR e-filing Start Date FAQ’S
When was online ITR filing started?
The practice of electronically filing income tax returns, also known as e-filing, was first introduced on a voluntary basis for all types of income tax payers in India in September 2004. However, starting from July 2006, it became compulsory for all corporate entities to file their income tax returns through the electronic system.
When can we start filing income tax 2024?
The period of Assessment Year 2024-25 is scheduled to begin on April 1, 2024, and conclude on March 31, 2024. Taxpayers will be able to file their Income Tax Returns (ITR) for the Assessment Year 2024-25 only after the completion of the financial year 2022-23, which is after March 31, 2024.
When was ITR introduced in India?
Income-tax Act, 1961 came into existence w.e.f. 1-4-1962.
Who created ITR website?
On Tuesday, which happened to be the first anniversary of its launch, the recently revamped tax return filing portal of the Income Tax Department, created by Infosys, encountered technical issues once again.
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