ITR filing 2024-25: What is the best time for maximum benefits?

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The process of filing your Income Tax Returns (ITR) for the financial year 2024-25 (FY25) has kicked off and will run until the last date, which is July 31.


The Income Tax Department (ITD) has put up all the return filing forms Recently, the ITD made available the excel utility of ITR-6 for Assessment Year (AY) 2024-25. Before this, the excel utilities of ITR-1, ITR-2, and ITR-4 for AY 2024-25 were made ready.







Recently, the ITD made available the excel utility of ITR-6 for Assessment Year (AY) 2024-25. Before this, the excel utilities of ITR-1, ITR-2, and ITR-4 for AY 2024-25 were made ready.


In the first month of AY 2024-25, the tax department got about 6 lakh returns. Almost two-thirds of these returns have already been processed.


"For individuals, the ITR due date is 31st July. An ideal date for filing would completely depend on the kind of liability, i.e. for a person having refund due,it is advisable that ITR is filed at the earliest and for a person having to discharge taxes can file ITR by 15th July to avoid a last-minute rush,"