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Income tax returns filed online must be verified within 30 days, or they will be considered invalid. With the AY25-26 deadline set for September 15, tax experts urge users to complete the e-verification step to ensure their returns are processed

The proposed Bill does not entirely overhaul the existing Income Tax Act 1961, but streamlines terminology and language and simplifies the provisions

Failing to file the returns could result in consequences, including legal notices, penalties, etc.

The earlier last date for filing a revised ITR with late fees was December 31

There are about 12 lakh verified ITRs in which further information has been sought by the income tax department, for which requisite communication has been sent to the taxpayers through their registered e-filing accounts.

Almost six crore income tax returns (ITRs) have been filed till Sunday (July 30), the income tax department said

The government has urged the taxpayers to file their income tax returns before July 31, 2023 to avoid the last minute rush

The portal launched on June 7 continued to face glitches, including longer logging in time, inability to generate OTP for Aadhaar validation, non-availability of ITRs for past years.

Over 2.99 crore ITR-1 were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.

According to the new Finance Bill (amended), all those who undertake journey outside the country and incur expenditure above Rs 2 lakh must compulsorily file an income tax return

The government has extended the ITR filing deadline for individuals till January 10, and for companies till February 15

The deadline to file Income Tax Returns (ITRs) by individual taxpayers for 2019-20 fiscal (Assessment Year 2020-21) ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021.