An Income Tax Return is a vital financial obligation for individuals and their businesses. You have to make sure that you obey tax laws and help avoid unnecessary penalties. Understanding the last date for filing an ITR and its implications is essential for taxpayers to understand its value, so you need to understand the entire procedure of ITR filing. Consult with an adviser is critical. This article will deal with and provide an in-depth analysis of the deadlines, penalties, and important considerations related to ITR filing.