All things blog
Requirements
1. Warning box
Missing the July 31st deadline means you lose the ability to carry forward capital losses. A penalty of ₹5,000 is applied automatically, and interest under Section 234A starts accruing at 1% per month on any unpaid tax.
2. Note box: to reiterate a point. For example, if we were discussing about a a tax law and we want to give more emphasis to a point like the last filing date is dd/mm/yy.
The last date to file your Income Tax Return for AY 2025–26 is 31st July 2025. Filing after this date will attract a late fee and you will not be able to carry forward any losses.
3. Pro Tip Box: Something that is related to the topic and very practical. Going by the same example, if we were discussing something related to a tax. Let's say that the pro tip will be something like make sure that you have a certain document before you do the tax or else there is a huge chance of being rejected or so.
Before filing your ITR, make sure you have your Form 26AS and AIS (Annual Information Statement) downloaded from the income tax portal. If the TDS figures in these documents don't match what you declare, your return will likely get flagged for scrutiny or outright rejected.
Before filing your ITR, make sure you have your Form 26AS and AIS (Annual Information Statement) downloaded from the income tax portal. If the TDS figures don't match what you declare, your return will likely get flagged for scrutiny or rejected.
