{"id":27095,"date":"2024-07-28T17:21:14","date_gmt":"2024-07-28T11:51:14","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=27095"},"modified":"2025-07-12T19:30:44","modified_gmt":"2025-07-12T14:00:44","slug":"fail-to-file-itr-before-31-july","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/","title":{"rendered":"If you fail to file ITR before 31 July, Can face Consequence"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a0814018ce85\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a0814018ce85\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#If_you_fail_to_file_ITR_before_31_July_can_result_in_consequences_FY_2023-24\" title=\"If you fail to file ITR before 31 July, can result in consequences FY 2023-24\">If you fail to file ITR before 31 July, can result in consequences FY 2023-24<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#No_Old_Regime\" title=\"No Old Regime\">No Old Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Late_Fee_and_Penalty\" title=\"Late Fee and Penalty\">Late Fee and Penalty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Missing_the_ITR_filing_deadline_of_31_July\" title=\"Missing the ITR filing deadline of 31 July\u00a0\">Missing the ITR filing deadline of 31 July\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Income_Tax_Form\" title=\"Income Tax Form :\">Income Tax Form :<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Which_ITR_Form_is_Right_for_You\" title=\"Which ITR Form is Right for You?\">Which ITR Form is Right for You?<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#ITR_1_Sahaj_%E2%80%93_For_Salaried_Individuals_with_Simple_Income\" title=\"ITR 1 (Sahaj) \u2013 For Salaried Individuals with Simple Income\">ITR 1 (Sahaj) \u2013 For Salaried Individuals with Simple Income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#ITR_2_%E2%80%93_For_Investors_NRIs_Capital_Gains_Multiple_Properties\" title=\"ITR 2 \u2013 For Investors, NRIs, Capital Gains, Multiple Properties\">ITR 2 \u2013 For Investors, NRIs, Capital Gains, Multiple Properties<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#ITR_3_%E2%80%93_For_Business_Owners_Freelancers_Partners\" title=\"ITR 3 \u2013 For Business Owners, Freelancers, Partners\">ITR 3 \u2013 For Business Owners, Freelancers, Partners<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#ITR_4_Sugam_%E2%80%93_For_Presumptive_Taxpayers\" title=\"ITR 4 (Sugam) \u2013 For Presumptive Taxpayers\">ITR 4 (Sugam) \u2013 For Presumptive Taxpayers<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Reporting_of_Different_Trading_Income_in_ITR_Filing\" title=\"Reporting of Different Trading Income in ITR Filing\u00a0\">Reporting of Different Trading Income in ITR Filing\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/fail-to-file-itr-before-31-july\/#Income_Tax_on_F_O_Trading_and_ITR_Filing\" title=\"Income Tax on F&amp;O Trading and ITR Filing\u00a0\">Income Tax on F&amp;O Trading and ITR Filing\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25865\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25.jpg\" alt=\"Income Tax Return Form ITR 1 &amp; ITR 4 notified for AY 2024-25\" width=\"1200\" height=\"675\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25.jpg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-800x450.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"If_you_fail_to_file_ITR_before_31_July_can_result_in_consequences_FY_2023-24\"><\/span><span style=\"color: #000080;\"><strong>If you fail to file ITR before 31 July, can result in consequences FY 2023-24<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Missing the ITR filing deadline of 31 July can indeed have significant consequences for taxpayers this year, particularly due to the new provision related to the old and new tax regimes. Details is here under :<\/p>\n<ol>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"No_Old_Regime\"><\/span><span style=\"color: #000080;\"><strong>No Old Regime<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Automatic Shift to New Regime<\/strong>: For the financial year 2023-24, if you fail to file your Income Tax Return by 31 July, you will automatically be shifted to the new tax regime. This applies even if you have already paid taxes and submitted proofs for deductions and exemptions under the old tax regime.<\/li>\n<li><strong>Loss of Benefits<\/strong>: The new tax regime does not offer the same deductions and exemptions as the old regime. This can result in a higher tax liability, as taxpayers lose out on benefits such as deductions under Section 80C, 80D, and other exemptions.<\/li>\n<li><strong>Higher Taxes with Interest<\/strong>: As the new regime lacks many of the deductions and exemptions of the old regime, taxpayers might end up paying more taxes. Additionally, any outstanding taxes will attract interest under Section 234A.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><span class=\"ez-toc-section\" id=\"Late_Fee_and_Penalty\"><\/span><span style=\"color: #000080;\"><strong>Late Fee and Penalty<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><strong>Late Filing Fee<\/strong>: Under Section 234F of the Income Tax Act, a late filing fee of Rs 5,000 will be imposed if you miss the deadline. If your total income does not exceed Rs 5 lakh, this fee is reduced to Rs 1,000.<\/li>\n<li><strong>Interest on Outstanding Tax<\/strong>: According to Section 234A, interest at the rate of 1% per month or part thereof will be charged on the outstanding tax amount from the due date until the return is filed.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p><span style=\"color: #000080;\"><strong>\u00a0 \u00a0 \u00a0 3. No Carry Forward of Loss and Setoff<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><strong>Inability to Carry Forward Losses<\/strong>: If you incur losses from sources such as the stock market, mutual funds, properties, or business, you can normally carry them forward to offset against future income, reducing your tax liability. However, failing to file your Income Tax Return by the deadline means you lose this benefit, and such losses cannot be carried forward to subsequent years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Missing_the_ITR_filing_deadline_of_31_July\"><\/span><span style=\"color: #000080;\"><strong>Missing the ITR filing deadline of 31 July\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>In the case of F&amp;O Loss\u00a0<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27096\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Loss-.jpg\" alt=\"Loss\" width=\"875\" height=\"785\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Loss-.jpg 875w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Loss--300x269.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Loss--768x689.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Loss--800x718.jpg 800w\" sizes=\"(max-width: 875px) 100vw, 875px\" \/><\/p>\n<ul>\n<li>The new provision regarding the automatic shift to the new tax regime is particularly impactful. Many individuals might not be aware that failing to meet the filing deadline results in forfeiture of the benefits tied to the old tax regime, forcing them into a potentially more costly tax situation.<\/li>\n<li>While the late fee, penalty, and interest for late filing, as well as the inability to carry forward losses, are standard provisions, the automatic shift to the new regime is a new and significant change for Financial Year 2023-24.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Form\"><\/span><span style=\"color: #000080;\"><strong>Income Tax Form :<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27102\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms-.jpg\" alt=\"ITR Forms\" width=\"1080\" height=\"991\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms-.jpg 1080w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms--300x275.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms--1024x940.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms--768x705.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-Forms--800x734.jpg 800w\" sizes=\"(max-width: 1080px) 100vw, 1080px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Which_ITR_Form_is_Right_for_You\"><\/span><span style=\"color: #000080;\"><strong>Which ITR Form is Right for You?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h4><span class=\"ez-toc-section\" id=\"ITR_1_Sahaj_%E2%80%93_For_Salaried_Individuals_with_Simple_Income\"><\/span><span style=\"color: #000080;\"><strong>ITR 1 (Sahaj) \u2013 For Salaried Individuals with Simple Income<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Who can use this:<\/strong><\/p>\n<ul>\n<li>Resident Individuals (not HUF or NRI)<\/li>\n<li>Total income \u2264 \u20b950 lakh<\/li>\n<\/ul>\n<p><strong>Sources of income allowed:<\/strong><\/p>\n<ul>\n<li>Salary\/Pension<\/li>\n<li>One house property (no carry-forward loss)<\/li>\n<li>Other income (interest, family pension)<\/li>\n<li>Agricultural income \u2264 \u20b95,000<\/li>\n<\/ul>\n<p><strong>Not allowed if:<\/strong><\/p>\n<ul>\n<li>Director in a company<\/li>\n<li>Holds unlisted equity shares<\/li>\n<li>Crypto\/Virtual Digital Assets (VDAs)<\/li>\n<li>Foreign income\/assets<\/li>\n<li>Brought forward losses<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"ITR_2_%E2%80%93_For_Investors_NRIs_Capital_Gains_Multiple_Properties\"><\/span><span style=\"color: #000080;\"><strong>ITR 2 \u2013 For Investors, NRIs, Capital Gains, Multiple Properties<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Who can use this:<\/strong><\/p>\n<ul>\n<li>Individuals or HUFs (Not earning from business\/profession)<\/li>\n<\/ul>\n<p><strong>Sources of income allowed:<\/strong><\/p>\n<ul>\n<li>Salary\/pension<\/li>\n<li>Multiple house properties<\/li>\n<li>Capital gains (any amount)<\/li>\n<li>Foreign income\/assets<\/li>\n<li>Agricultural income &gt; \u20b95,000<\/li>\n<li>NRIs, ROR with foreign income<\/li>\n<li>Director in company\/unlisted shares<\/li>\n<li>Spouse\u2019s clubbed income (except business)<\/li>\n<\/ul>\n<p><strong>Not allowed if:<\/strong><\/p>\n<ul>\n<li>Business or professional income<\/li>\n<\/ul>\n<p><strong>New:<\/strong> Excel utility now includes validation under Section 139AA (PAN-Aadhaar link).<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ITR_3_%E2%80%93_For_Business_Owners_Freelancers_Partners\"><\/span><span style=\"color: #000080;\"><strong>ITR 3 \u2013 For Business Owners, Freelancers, Partners<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Who can use this:<\/strong><\/p>\n<ul>\n<li>Individual\/HUF with:\n<ul>\n<li>Income from business or profession<\/li>\n<li>Partner in a firm (not LLP)<\/li>\n<li>Income from speculative business (futures &amp; options, crypto)<\/li>\n<li>Unlisted shares, directorship<\/li>\n<li>Multiple sources including foreign income\/assets<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Use this if ITR 1, 2, or 4 do not apply. <\/strong><\/p>\n<p><strong>If opting out of the new tax regime<\/strong>, use <strong>Form 10-IEA<\/strong>.<\/p>\n<h4><span class=\"ez-toc-section\" id=\"ITR_4_Sugam_%E2%80%93_For_Presumptive_Taxpayers\"><\/span><span style=\"color: #000080;\"><strong>ITR 4 (Sugam) \u2013 For Presumptive Taxpayers<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p><strong>Who can use this:<\/strong><\/p>\n<ul>\n<li>Resident Individual, HUF, or Firm (other than LLP)<\/li>\n<li>Business or profession under presumptive taxation (44AD, 44ADA, 44AE)<\/li>\n<li>Income \u2264 \u20b950 lakh<\/li>\n<\/ul>\n<p><strong>Not allowed if:<\/strong><\/p>\n<ul>\n<li>Director in company<\/li>\n<li>Holds unlisted equity shares<\/li>\n<li>NROR\/NRI<\/li>\n<li>Foreign income\/assets<\/li>\n<li>Carry-forward losses<\/li>\n<li>Freelancers under tax audit (above limit)<\/li>\n<\/ul>\n<p><span style=\"color: #000080;\"><strong>ITR 5 \u2013 For LLPs, AOPs, BOIs, Co-operative Societies<\/strong><\/span><\/p>\n<p><strong>Who can use this:<\/strong><\/p>\n<ul>\n<li>LLP<\/li>\n<li>AOP\/BOI<\/li>\n<li>Co-operative society<\/li>\n<li>Trusts<\/li>\n<li>Partnership firms (excluding individuals\/HUFs)<\/li>\n<\/ul>\n<p><strong>Not for:<\/strong><\/p>\n<ul>\n<li>Individual, HUF, or Company<\/li>\n<\/ul>\n<p><strong>Use Form 10-IEA to opt out of new tax regime.<\/strong><\/p>\n<p>Don\u2019t Forget Tips (Bottom of the Image)<\/p>\n<ul>\n<li>Received dividends or capital gains from shares? Use ITR 2 or 3<\/li>\n<li>Freelancers? File ITR 3 (under audit) or ITR 4 (under presumptive)<\/li>\n<li>Use Form 10-IEA if you opt out of the new regime<\/li>\n<li>Crypto trading? You must file ITR 2 or 3<\/li>\n<li>NRIs &amp; RORs with foreign income\/assets? Use ITR 2 or 3<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Reporting_of_Different_Trading_Income_in_ITR_Filing\"><\/span><span style=\"color: #000080;\">Reporting of Different Trading Income in ITR Filing\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27097\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-.jpg\" alt=\"ITR\" width=\"846\" height=\"1280\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR-.jpg 846w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR--198x300.jpg 198w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR--677x1024.jpg 677w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR--768x1162.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/ITR--800x1210.jpg 800w\" sizes=\"(max-width: 846px) 100vw, 846px\" \/><\/p>\n<ul>\n<li>Intraday trading is considered as speculative business income. As per the Income Tax provisions, any loss on intraday trading can be set off only with intraday (speculative) gains. And as per my understanding ITR-2 form is for individuals and HUF receiving income other than income from \u2018Profits and Gains from Business or Profession\u2019. Since intraday trading is considered a business income, you must file ITR-3 and prepare financial statements<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_on_F_O_Trading_and_ITR_Filing\"><\/span><span style=\"color: #000080;\"><strong>Income Tax on F&amp;O Trading and ITR Filing<\/strong><\/span>\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-27099\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca.jpg\" alt=\"\" width=\"1072\" height=\"707\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca.jpg 1072w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca-300x198.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca-1024x675.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca-768x507.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2024\/07\/Income-Tax-on-FO-Trading-and-ITR-Filing\ud83d\udcca-800x528.jpg 800w\" sizes=\"(max-width: 1072px) 100vw, 1072px\" \/><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-24893\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/06\/FO..jpg\" alt=\"FAQ on F&amp;O or Intraday trading income\" width=\"938\" height=\"577\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/06\/FO..jpg 938w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/06\/FO.-300x185.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/06\/FO.-768x472.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/06\/FO.-800x492.jpg 800w\" sizes=\"(max-width: 938px) 100vw, 938px\" \/><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline of 31 July can indeed have significant consequences for taxpayers this year, particularly due to the new provision related to the old and new tax regimes. Details is here under : No Old Regime Automatic &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10055,1],"tags":[10112],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27095"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=27095"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27095\/revisions"}],"predecessor-version":[{"id":29486,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/27095\/revisions\/29486"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=27095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=27095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=27095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}