Financial Advisor: Know less likely to increase ITR date after September 15

News India Live, Digital Desk: Financial Advisor: Taxpayers get hardly more timely to file income tax returns ITR. Most financial advisors and tax experts believe that the possibility of extending income tax returns for individuals and companies with audited accounts for the assessment year 2024-25 is very low. The possibility of extending the last date of September 15 is very low. A major tax advisory firm-based chartered accountant and founder Ashish Jain has clearly explained that NEWSES18 has clearly explained that any type of Income Tax has clearly explained that any type of income tax has been explained by the Department of Income Tax. Is. Usually, the government or the Income Tax Department extend the last date only when they face a major technical fault or an unexpected obstacle in the system. For some time, no such serious technical problem has been reported on the income tax filing portal, which reduces the possibility that any expansion will be given. Let us tell you that the normal last date for filing ITR for a large number of taxpayers is 31 July. However, this date for audited businesses and individuals, or some specific financial transactions is till October 31, while for companies and individuals who require audit (which file an audit report related to business in FY 2023-24), the last date for them is 30 September. The last date is 30 September. Whose transactions and records are to be certified Audated Accounts. This applies to those who have to file their audit report under Section 44AB of the Income Tax Act. It may include professionals or businessmen whose income or business is more than a certain limit. Experts say that do not delay now and file their income tax returns as soon as possible, as any technical or document related problems may be faced at the last moment. Missing deadline can impose both fine and interest.