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The deadline for filing your Income Tax Return (ITR) for the financial year 2023-24 is July 31. As the deadline approaches, the Income Tax department has urged taxpayers to submit their returns promptly.
It is unlikely that the deadline will be extended this year. The department reported that over 5 crore ITRs for AY 2024-25 were filed by July 26, compared to the same date last year.
ADDITIONALLY, THE GOVERNMENT DID NOT EXTEND THE FILING DEADLINE LAST YEAR EITHER.
Missed the deadline? Don't worry - Epsilon is here to help.
We can file your returns as soon as possible.

To know more write to us at [email protected] or call us on 9820113542 | 7045694794
Visit us at www.epsilonaccountsfintech.in

Late filing of income tax returns in India can incur penalties under Section 234F of the Income Tax Act, 1961.
The penalty is up to ₹5,000, or ₹1,000 for taxpayers with taxable income below ₹5 lakh. This penalty applies even if no tax is due.
Additionally, interest may be charged under Sections 234A, 234B, and 234C for late payment and deferment of taxes.
Belated returns can be filed until March 31 of the assessment year, and must include challan details for the late fee.
Revised returns filed after the due date may also attract penalties.
CALL EPSILON TODAY TO FILE YOUR RETURNS BEFORE JULY 31, 2024.

To know more write to us at [email protected] or call us on 9820113542 | 7045694794
Visit us at www.epsilonaccountsfintech.in

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WHY OPT FOR EPSILON ACCOUNTING SERVICES?
• INDUSTRY-EXPERTISE: Our professionals grasp your industry's unique financial requirements, offering expert guidance in line with best practices.
• STREAMLINED OPERATIONS: We simplify and automate accounting processes for efficient invoice generation, expense tracking, bank reconciliations, and precise financial reporting.
• TRUSTWORTHY REPORTING: Stay updated with real-time insights into your financial performance. Epsilon provides accurate financial statements, KPIs, cash flow projections, and customized metrics for informed decision-making.
Choose Epsilon Accounting Services as your partner today.

To know more write to us at [email protected] or call us on 9820113542 | 7045694794