Last day for Income Tax Return (ITR) filing swiftly approaching on July 31, the Income Tax Department is issuing a critical reminder to taxpayers about the importance of e-verification after filing their returns. Completing the e-verification step is crucial for a smooth ITR process, and it ensures that any due refunds are promptly issued.
Important Reminder: E-Verification for Income Tax Return (ITR) Filing
The Income Tax Department also highlighted that more than 88% of the filed ITRs, which amounts to approximately 4.46 crore out of 5.03 crore, have already been e-verified. Out of these e-verified returns, over 2.69 crore have already been processed. For those who haven’t filed their returns yet, the deadline is fast approaching, and it’s crucial to comply with the e-verification process to ensure a seamless experience and to meet the deadline in time. Remember, if your total income from all sources exceeds the basic exemption limit, it is mandatory to file your ITR.
July 31 Deadline: Complete E-Verification After Filing Your ITR
The basic exemption limit is 2.50 lakhs for individuals below 60 years, 3 lakhs for individuals aged between 60 to 80 years, and 5 lakhs for individuals aged above 80 years. The Income Tax Department’s helpdesk is available 24×7 to provide assistance with ITR filing, tax payment, and other related services. Take action now to complete your ITR filing and ensure timely e-verification to avoid any last-minute hassle.
