Individuals, Hindu Undivided Families (HUFs), Association of Persons (AOPs), and Body of Individuals (BOIs) are required to file their taxes by July 31, 2023, and are not required to have their books audited. To avoid incurring late fees, it is critical to comply with this deadline. The deadline for filing ITRs for the fiscal year 2022-23 (Assessment Year 2023-24) is July 31, 2023. One such process is online ITR filing. Various platforms are now available that not only assist in filing tax returns but also provide constant access to tax experts who can assist with questions related to taxes at different levels, such as business, self-employment, freelancing, and other financial matters.
Although modern compliance and documentation procedures can be complex, the modern world also provides us with technology that simplifies and streamlines certain processes.
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