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Why You Should Avoid Filing Tax Returns Before June 15?

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Auto-populated ITR forms in India must be manually edited by taxpayers since they include errors. This year, Schedule VDA, a separate component, must be used to declare earnings from virtual currency and other digital assets.

The deadline for filing taxes for the current assessment year (fiscal 2022-23) has been extended to July 31 by the income tax department. Although filing income tax returns (ITRs) early is a good idea, experts offer a word of caution for those who do so: your annual income statement (AIS) may already be out of date.


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