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ITR filing FY 2023-24: Due dates, key details, and how to file income tax return online

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Upstox

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2 min read • Updated: April 2, 2024, 2:15 PM

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Summary

ITR filing FY 2023-24: Taxpayers can file their ITRs entirely online on the e-filing portal or partially online and partially offline using utilities like JSON and Excel. Eligible taxpayers can use ITR-1, ITR-2 and ITR-4 forms to file their returns for the financial year 2023-24.

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The last date for filing ITR for FY 2023-24 is July 31, 2024.

The last date for filing income tax returns (ITRs) for FY 2023-24 (AY 2024-25) is July 31, 2024. Ahead of the deadline, the Income Tax (IT) Department has enabled the online ITR forms – ITR-1, ITR-2 and ITR-4 – on its e-filing portal.

Eligible taxpayers can use these forms to file their ITR for FY 2023-24. The tax authority has already released offline Excel and JSON utilities for ITR-1, ITR-2, ITR-4, and ITR-6 for AY 2024-25.

How to file ITR for FY 2023-24?

Taxpayers can file their ITR entirely online on the e-filing portal or partially online and partially offline using utilities like JSON and Excel.

Steps to file ITR online

  • Login on the e-filing portal and click on 'Login'
  • After logging in, click on 'File Income Tax Return'
  • Click on the assessment year and select ‘online’ mode
  • Select filing status as 'individual' and continue
  • Select ITR type
  • Validate the pre-filled details
  • E-verify ITR

ITR-1, ITR-2 and ITR-4: Eligibility criteria

  • ITR-1 is used by taxpayers having income from salary, one house property and other sources like interest, family pension, dividend and agriculture up to ₹50,000 and gross total income not exceeding ₹50 lakh in a fiscal year.
  • ITR-2 is for individuals with more than one house property and those with capital gains.
  • ITR-4 is applicable for individuals with income from businesses and professions under sections 44AD, 44ADA and 44AE.

Read more: New tax vs old tax regime: Which one is default? What changes from April 1? Finance Ministry clarifies

ITR Filing for 2023-2024: Due dates

  • July 31, 2024: Individuals, Hindu Undivided Family (HUF), an association of persons (AOP) and body of individuals (BOI).
  • October 31, 2024: Businesses requiring audits
  • November 30, 2024: Businesses needing transfer pricing reports
  • December 31, 2024: Revised return
  • December 31, 2024: Belated/late return
  • March 31, 2027: Updated ITR (Two years from the end of the relevant assessment year)

Read more: Income tax changes from April 1, 2024: 7 points to know