Is July 31 the final tax filing date for everyone?
While July 31 serves as the tax filing deadline for the majority of individuals, including those submitting ITR-1 or ITR-2 forms, it does not apply to everyone. Professionals, consultants, freelancers, and small business owners who are not required to have their accounts audited have until August 31 to file, as they typically use ITR-3 or ITR-4. Additionally, taxpayers whose accounts require an audit are granted until October 31 to complete their filings.