Filing Your Income Tax Returns for Assessment Year 2024-25
Deadlines:
General Filers: Individual taxpayers, Hindu Undivided Families (HUFs), and others generally have until July 31, 2024, to file their returns.
Audit-Requiring Companies: Companies needing audits have an extended deadline of October 31, 2024.
Penalties: Missing these deadlines may result in penalties and interest.
Which Form to Use:
The Income Tax Department's website offers a guide to help determine which ITR form to use based on your income sources. For more details, visit [ClearTax's guide](https://cleartax.in/s/which-itr-to-file).
New Tax Regime:
The new tax regime is now the default for individual taxpayers, HUFs, and others. You can still opt for the old regime if it is more beneficial for you.
Helpful Resources:
Income Tax Department: https://www.incometax.gov.in/iec/foportal/
These titles, descriptions, and permalink provide clear and concise information for those seeking details about income tax return filing for the assessment year 2024-25.