Paying income tax is not enough, you must file the ITR by July 31, 2024 to avoid jail in certain cases

ITR filing: You must remember to file the ITR by July 31, 2024 and also pay any pending income tax amount (if any). "There are legal provisions in the Income Tax Act that can lead to imprisonment for not filing income tax returns (ITRs) or not paying income tax when liable," says Priyanka Jain, associate partner, Vaish and Associates.

from Tax-Wealth-Economic Times https://ift.tt/TKzRso3