SHORT ANSWER:
The last date to file income tax return for individuals is usually July 31st of the assessment year.
DETAILS:
- For the assessment year 2023-24, the due date is July 31, 2023.
- If you are a taxpayer who is required to get your accounts audited, the due date is October 31.
PUNISHMENT / IMPLICATIONS (if applicable):
- Late filing may attract a penalty under Section 234F of the Income Tax Act.
SOURCE:
- Income Tax Act, 1961
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