Everything You Need to Know: ITR Due Date Extension, Free Income Limit & Late Filing Penalties (FY 2024-25)

income tax return, ITR due date extension, ITR filing FY 2024-25, income tax penalties, file ITR after July 31, income tax free limit, AY 2025-26, belated return, revised return, late ITR filing fees, CBDT circular

Each year when the Income Tax Return (ITR) deadline approaches, taxpayers often have similar questions: Has the deadline been extended? Can I still file after 31 July? What income is tax-free? What penalties apply for late filing? This article answers all these, especially in light of recent changes for FY 2024-25 (Assessment Year 2025-26). Read … Read more