ITR Filing FY 2023-24 Last Date: Why are income taxpayers expecting a deadline extension beyond July 31 | Mint

With the Income Tax Return (ITR) filing deadline for FY 2023-24 approaching on July 31, taxpayers are hopeful for an extension. Historically, the government has extended the deadline in response to technical issues on the tax filing portal and requests from taxpayers. Many taxpayers face challenges such as collecting documents, understanding new tax rules, and handling portal glitches. Professionals also cite workload pressures. Additionally, recent changes in the tax regime and compliance requirements have added complexity to the process. The anticipation of an extension is based on past trends and current challenges, although there has been no official announcement yet. Timely filing remains crucial to avoid penalties and interest on late payments.