ITR Filing: Why July Is the Best Month to File Your Return

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July is the perfect month to complete your ITR filing. Filing early helps avoid the last-minute rush, slow portals, and potential penalties under Section 234F. With Form 16, AIS, and Form 26AS already available, you can reconcile income and deductions efficiently. Early filing also ensures faster refunds, especially for those expecting significant tax credits. Use this time to review investment proofs and choose the best tax regime. Filing ahead of the deadline demonstrates financial discipline and reduces the risk of errors or scrutiny.


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