For FY 2022-23 (AY 2023-24), a belated return can be filed till December 31, 2023, with a late fee and penal interest on due taxes. ITR can be picked up for scrutiny even after that, till 10 years.
July 31 is the due date for filing returns for the financial year 2022-23 (AY 2023-24). If you miss this deadline, you have some extra time until December 31, 2023, but will end up paying late-filing fees of Rs 5,000 (Rs 1,000 if your income is less than Rs 5,00,000).
Interest income from bank deposits, dividends from shares and mutual funds, gifts, lottery winnings, and prize money all need to be disclosed under the head “Income from other sources” while filing your income tax return.