New Delhi, July 29 -- The deadline to submit your Income Tax Return (ITR) for the financial year 2023-24 is July 31, 2024. Filing your ITR after this date will incur a penalty, which varies based on your income level. Many people are curious about who is allowed to file their ITRs even after the due date.

The deadline for filing ITRs has been extended to October 31, 2024, for individuals and businesses whose accounts require auditing. The purpose of this extension is to give you enough time to finish the audit and file your ITR. The Income Tax Department grants these individuals an extra three months to complete their audit with a recognized chartered accountant before filing their ITR.

Certain categories of taxpayers are granted additi...