Last day to file income tax returns is July 31

Last day to file income tax returns is July 31

With the July 31 deadline drawing near, there still may be many who may have yet to file the income tax (IT) returns.


Even if there is no income tax that you are required to pay after claiming deductions, you still need to file your tax returns as long as your gross income is Rs 2.5 lakh or more. In case your income is more than Rs 5 lakh, you have to compulsorily e-file your returns.


Aside from this, filing your IT returns will get you a tax refund if excess taxes are cut and is also necessary criteria for applying for a visa or a housing loan. Not filing your IT returns could also draw penalties as much as Rs 5,000 and could lead to the IT Department sending a notice.

Steps to e-file tax returns in Filing Mantra are


     Visit website.

     Register and Log on to e- Filing application of Filing Mantra.

     Choose the 'self filing' option

     Fill in the relevant details and click on submit.

     Once you’ve submitted it, you will receive the acknowledgement detail through email.

     Click on the link in the email to view or generate a printout of acknowledgement/ITR V form.

Tax saving for Freelancers, Professionals, Trader and Web based agencies

10 mins of consultation. Place a request.

Some of the featured articles from our knowledge center

Business2 13a51fd54d37dfeead10bd04c34a46671e69097acf6d8002d2665eb06b5cf58f
What is the income tax payable on partnership firm

As per section 4 of partnership act 1932, partnership means the relationship between the person who are agreed to share the profits of business car...

Business3 1835184f1312bba0b871fddd223a24dd62299180ed03a78d9e4098813c851963
What is business income on presumptive basis under section 44ad and 44ada

As per section 44AA income Tax act 1962, every person who is carrying on business or profession is required to maintain books of accounts. However,...

Business1 8b8cee9b60a38e9df92fb5b897e7c09195532b3d70b7ec28803a600cf2ce60cd
What is GST and different types of GST forms

The Prime Minister approved “The constitution amendment bill for Goods and Service Tax”(GST) in the Parliament Session (Rajya Sabha on 3 August 201...