When to File ITR Filing

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The deadline for ITR Filing is usually July 31st for individuals and August 31st for businesses. However, the deadline can be extended depending on government announcements. It's important to file your ITR Filing on time to avoid penalties under section 234F, which can range from ₹1,000 to ₹5,000. Filing early ensures that you can address any issues or discrepancies with your return before the final deadline. Additionally, early ITR Filing can expedite your refund process and help in effective tax planning for the upcoming financial year.


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