When is the last date for filing ITR, what will happen to the refund?

The process of filing Income Tax Return (ITR) will start from the date fixed by the Income Tax Department. In such a situation, you need to file Income Tax Return without delay. If you get a refund by filing it on time, then you will start getting the refund soon. In the year 2024, online forms were issued by the Income Tax Department in the month of April itself.

Last date for issuing ITR is 31st July
If there is no difference in ITR, the refund is issued. He told that the last date for filing Income Tax Return is fixed as 31st July.

Forms are issued in the month of May 16
It is expected that the form will be issued. After this, taxpayers whose TDS has not been deducted can also file ITR, because the forms are issued in the month of May 16. Income Tax experts CA Ashish Rohatgi and CA Rashmi Gupta told that the Income Tax Department must be making efforts for the ITR form. In such a situation, it is expected that these forms will come soon.

If you file your income tax return on time, you will get your refund soon. If there is a delay in this, the refund may also get delayed. Actually, the Income Tax Department starts processing the return after the ITR is filed within the deadline.